Artificial intelligence (AI) is a rapidly growing industry, and many companies are investing in AI research and development. Last week, Intel held its AI Everywhere event to showcase its latest AI portfolio additions. The company aims to catch up to NVIDIA, which currently dominates the AI market.
Intel unveiled several new products, including the Intel Core Ultra mobile processor family and the 5th Gen Intel Xeon processor. These products offer improved computing power and efficiency, as well as built-in AI acceleration. The hope is that these new offerings will attract AI companies away from NVIDIA.
However, despite the excitement around Intel’s new products, NVIDIA remains the standout leader in AI. NVIDIA’s chips are widely used in data centers and autonomous vehicles, and the company has seen impressive sales growth and earnings. In comparison, Intel’s stock performance has been relatively weak, and it only recently surpassed pre-pandemic levels. So, while Intel is making strides in the AI market, NVIDIA is still the better investment option.
Investing in AI is crucial as the technology continues to be adopted at a rapid pace. Those who embrace AI and make the right financial moves today have the opportunity to generate significant wealth. On the other hand, those who ignore AI risk being left behind.