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Nvidia's processors are the gold standard for training and running AI systems. Rivals and customers alike have been scrambling to develop competing solutions.
Intel says its new chip can outperform Nvidia's H100. The Gaudi 3 should help Intel capture some market share given shortages and high prices.
Semiconductor stocks are a buy as the Nasdaq continues to make higher highs. These companies have been benefiting from the growing demand for electronic devices and the increased adoption of various technologies, such as artificial intelligence, cloud computing, and 5G.
Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a laptop this week powered by an Intel AI chip.
Matt Bryson, Wedbush Enterprise Hardware Analyst, joins 'Closing Bell Overtime' to talks the AI chipmakers including Nvidia and recent comments from CEO Jensen Huang.
Intel Corp (NASDAQ:INTC, ETR:INL) and Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) shares traded lower on reports China told its telecom providers to phase out foreign chips, the latest move in the escalating US-China technology war. According to a report from the Wall Street Journal citing people familiar with the matter, Chinese officials have told its telecom carriers to phase out foreign chips by 2027, a blow to US chipmakers Intel and AMD.
Intel has announced updates about its upcoming artificial intelligence accelerator, Gaudi 3.
Shares of U.S. chipmakers fell after The Wall Street Journal reported China is ordering the country's top telecom carriers to stop using foreign processors.
Intel (NASDAQ: INTC ) stock is sliding lower on Friday as the semiconductor company deal with reports of China limiting its use in the country. China has reportedly been making strides in reducing its reliance on technology from the U.S. That includes phasing out computers and other devices that make use of chips from Intel and Advanced Micro Devices (NASDAQ: AMD ).
Semiconductor stocks Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) are under fire today, after a report from the Wall Street Journal indicated regulators in China earlier this year told the country's biggest telecommunication companies to curb foreign chips.