Intel Corporation (NASDAQ:INTC) is one of the AI Stocks Analysts Are Tracking Closely. On September 18, NVIDIA and Intel Corporation announced a collaboration to jointly develop multiple generations of custom data center and PC products. Nvidia said that it will invest $5 billion in the struggling US chipmaker.
“This is a game changer deal for Intel as it now brings them front and center into the AI game. Along with the recent US Government investment for 10% this has been a golden few weeks for Intel after years of pain and frustration for investors.” “The companies are incrementally focused on connecting NVDA and INTC architectures, leveraging NVDA’s AI strength and accelerated computing with Intel’s CPU tech ecosystem for improved technological solutions for its customers.” “While not announcing a specific timeline for when these parts go on sale, this announcement does not impact the individual growth strategies of NVDA and INTC moving forward as both companies look to capitalize on growing demand for CPUs and GPUs within the AI Revolution,” he added. -Wedbush analysts, led by Daniel Ives.
The firm believes that the announcement has transformed Intel from being a laggard to a catalyst, strengthening US’s lead in the AI race.
“With AI infrastructure investments continuing to grow with the company expecting between $3 trillion to $4 trillion in total AI infrastructure spend by the end of the decade, the chip landscape remains NVDA’s world with everybody else paying rent as more sovereigns and enterprises wait in line for the most advanced chips in the world.”
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.
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