Posted 12/19/2023, 10:45:00 AM
Intel Unveils New AI Chips for PCs and Data Centers, Targets Growing AI Demand
- Intel unveiled new AI chips for PCs and data centers to capture growing opportunities in those markets
- PC sales expected to rebound starting 2024 driven by demand for AI-capable devices; Intel targeting this market
- New 5th-gen Xeon server chips designed for AI workloads to reduce data center costs and boost Intel's 2nd largest business
- Analysts forecast Intel's earnings growth to accelerate from 2024 onward with over 50% stock price upside
- Intel estimates most of the AI chip opportunity is in small/medium AI models suitable for CPUs like its new offerings