Intel Aims to Challenge Nvidia's AI Chip Lead by 2024
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Intel is making moves to challenge Nvidia's dominance in AI chips/GPUs in 2024 with new products like Gaudi3.
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Intel's stock has growth potential - projected to rise 184% in next 2 years versus 95% for Nvidia.
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Intel regained some CPU market share recently after years of decline.
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The AI chip market, projected to expand 37% annually, presents big opportunities for Intel.
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Intel stock has already soared 70% in 2023 due to AI prospects, but could have more room to run as it's just getting started in AI.