Better Artificial Intelligence (AI) Stock: Intel vs. Nvidia

Logo NasdaqNasdaq
2023-09-07 09:15:00  • 7 mins

Semiconductor stocks have outperformed the broader market in 2023 thanks to the booming demand for chips deployed in artificial intelligence (AI) applications, which explains why the PHLX Semiconductor Sector index's gains of 45% this year are well ahead of the 17% appreciation in the S&P 500 index.

Not surprisingly, PHLX Semiconductor Sector index constituents Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC) also clocked solid gains. While Nvidia stock is up a massive 232% in 2023, Intel delivered relatively smaller gains of 38%.

Nvidia's terrific surge is a result of the pioneering role the company is playing in AI. Intel, meanwhile, is struggling on account of weak personal computer (PC) and data center sales, though it is trying to cut its teeth in the AI chip market. But can Intel really make a dent in Nvidia's AI supremacy and give investors a cheaper -- and better -- way to play the AI revolution? Let's find out.

Intel is just getting started in the AI chip race

Intel management spent a considerable amount of time discussing the company's AI strategy on its July earnings conference call. Chipzilla sees AI as one of the five key growth drivers for the broader semiconductor market through 2030. That's not surprising as the demand for AI chips is expected to grow at an annual pace of 29% through 2030, generating an annual revenue of $304 billion at the end of the forecast period.

Continue read on

The tech sector is going wild in 2023. A sectorwide frenzy for artificial intelligence (AI) stocks is driving many stocks through the ceiling. In particular,...
Logo NasdaqNasdaq
2023-09-23 11:41:00  • 1 min
The surgeon general has determined that investing in artificial intelligence (AI) has proven to be advantageous to your financial health. OK, not really....
Logo NasdaqNasdaq
2023-09-23 09:50:00  • 1 min
Needham analyst Laura Martin recently told clients that Apple has fallen far behind its big-tech peers in generative artificial intelligence (AI), a...
Logo NasdaqNasdaq
2023-09-23 09:25:00  • 2 mins
Chipmaker Broadcom Inc. (NASDAQ: AVGO) rode the AI wave in tandem with industry peer Nvidia Corp. (NASDAQ: NVDA), advancing 51% year-to-date. But recently,...
Logo NasdaqNasdaq
2023-09-22 11:09:00  • 1 min
Cathie Wood doesn't hold much back in her views about Nvidia (NASDAQ: NVDA) these days. She has stated several times that the stock is too highly valued....
Logo NasdaqNasdaq
2023-09-22 09:51:00  • 1 min
A month has gone by since the last earnings report for Nvidia (NVDA). Shares have lost about 13% in that time frame, underperforming the S&P 500. Will...
Logo NasdaqNasdaq
2023-09-22 15:30:14  • 2 mins
The tech-heavy Nasdaq 100 Index ($IUXX) has had a pretty decent run so far in 2023, rising 38% to more than double the percentage gains of the S&P 500...
Logo NasdaqNasdaq
2023-09-19 19:13:42  • 2 mins
For the past 30 years, investors haven't lacked for next-big-thing trends to latch onto. In 2023, absolutely nothing has captivated investors' attention more...
Logo NasdaqNasdaq
2023-09-22 09:21:00  • 1 min
Manuvir Das, head of enterprise computing at Nvidia (NASDAQ: NVDA), sees a staggering $600 billion market opportunity for artificial intelligence (AI) chips...
Logo NasdaqNasdaq
2023-09-18 09:12:00  • 1 min
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 NEW...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-21 17:38:00  • 1 min
The world is fast moving towards artificial intelligence (AI) -enabled computing - and Nvidia (NVDA), with its accelerated computing platform and...
Logo NasdaqNasdaq
2023-09-19 16:42:05  • 1 min
Intellia Therapeutics (NASDAQ: NTLA) and Rocket Pharmaceuticals (NASDAQ: RCKT) are gene-editing biotechs that want to offer what few others can: cures for...
Tech stocks were advancing Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.4% and the Philadelphia Semiconductor index adding...
Logo NasdaqNasdaq
2023-09-22 17:49:30  • 1 min
Enthusiasm about artificial intelligence (AI) has driven substantial gains in the stock market this year, and it certainly has investors' attention. The...
Logo NasdaqNasdaq
2023-09-22 12:15:00  • 1 min
In today's video, I discuss Intel (NASDAQ: INTC) and its numerous AI solutions. Check out the short video to learn more, consider subscribing, and click the...
Logo NasdaqNasdaq
2023-09-20 12:34:20  • 1 min
Artificial intelligence (AI) is one of the hottest tech megatrends in recent memory. And the excitement has encouraged investors to pour into industry...
Logo NasdaqNasdaq
2023-09-18 17:30:00  • 2 mins
During his long and distinguished investing career, Berkshire Hathaway CEO Warren Buffett has readily admitted to having trouble comprehending some of the...
Logo NasdaqNasdaq
2023-09-23 10:35:00  • 1 min
The rising popularity of artificial intelligence (AI) has caught the attention of just about everybody on Wall Street. Analysts at financial institutions are...
Logo NasdaqNasdaq
2023-09-22 16:23:16  • 1 min
The stock market is maintaining most of its gains this year, but after rising through the first six months, it appears to have plateaued. There are several...
Logo NasdaqNasdaq
2023-09-23 13:30:00  • 2 mins
Most investors classify Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT) as growth stocks, and for very good reason: Since Nvidia...
Logo NasdaqNasdaq
2023-09-22 21:00:00  • 1 min