Posted 4/13/2024, 7:05:00 AM
Nvidia Stock Dips On Intel AI Chip Threat, But Nvidia's New Chips Could Cement Market Dominance
- Nvidia stock is down 11% from recent record highs due to concerns about competition in the AI chip market
- Intel recently announced a new AI chip, Gaudi 3, that aims to challenge Nvidia's dominance
- However, Nvidia is set to launch a new generation of AI chips, Blackwell, that could be up to 25x more efficient
- Blackwell will likely retain Nvidia's 80% market share in AI chips over Intel
- Nvidia's data center revenue is still expected to double in 2024 to $95 billion, suggesting continued market leadership