Nvidia, a key player in the artificial intelligence boom, is facing competition from Intel as the rival chipmaker unveils a new AI chip called Gaudi 3. Nvidia's shares have dropped 10% from their all-time highs, and Intel aims to compete with Nvidia's advanced chips in powering large language models.
Nvidia , which makes graphics processing units , or GPUs, has been a key beneficiary of the artificial intelligence boom thanks to demand for its chips.
On Tuesday, rival chipmaker Intel unveiled a new AI chip called Gaudi 3, aimed at powering large language models, to compete with Nvidia's most advanced chips.The company, which makes graphics processing units — or GPUs — has been a key beneficiary of the artificial intelligence boom, which boosted demand for its chips.
The stock has come under pressure for the past two weeks, however. The shares are off 10% from their last all-time closing high of $950 apiece, which they hit on March 25. The stock closed at a price of $853.54 on Tuesday, down 2% for the session. Intel said the new chip is over twice as power-efficient as Nvidia's H100 GPU — the U.S. chip giant's most advanced graphics card — and can run AI models one-and-a-half times faster than this tech.
Nvidia Intel AI Chip Competition Graphics Processing Units Gpus Artificial Intelligence Boom Language Models Compute-Intensive AI Applications Data Centers
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