3 AI Stocks to Watch Beyond Nvidia: Intel, AMD, and Meta Prepare for Competition

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Intel recently announced its new AI chip, the Gaudi 3, that boasts faster training and inferencing capabilities compared to Nvidia’s H100. The chip also consumes 40% less power, making it an attractive option for customers looking to save on costs.

Although Nvidia currently dominates the AI chip market, Intel’s recent advancements with the Gaudi 3 chip have caught the attention of investors. Partners like IBM and SAP are already on board, signaling a potential shift in the industry landscape.

Similarly, Advanced Micro Devices (AMD) is making strides with its MI300X accelerator, which has seen early success in the data center GPU business. With a growing market opportunity, AMD could pose a challenge to Nvidia’s market dominance in the long run.

In a surprising move, Meta Platforms is venturing into the chip-making space with its Meta Training and Inference Accelerator (MTIA) chip. By developing its own chips, Meta aims to reduce reliance on Nvidia and enhance its data processing capabilities for targeted advertising.

While Nvidia remains a key player in the AI semiconductor market, these developments from Intel, AMD, and Meta Platforms suggest a potential shift in the competitive landscape. Investors are keeping a close eye on these companies as they aim to capitalize on the growing demand for AI technologies.

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Frequently Asked Questions (FAQs) Related to the Above News

What is Intel's new AI chip called?

Intel's new AI chip is called the Gaudi 3.

How does Intel's Gaudi 3 chip compare to Nvidia's H100?

The Gaudi 3 chip boasts faster training and inferencing capabilities compared to Nvidia's H100. It also consumes 40% less power.

Which partners are already on board with Intel's Gaudi 3 chip?

Partners like IBM and SAP are already on board with Intel's Gaudi 3 chip.

What AI accelerator is Advanced Micro Devices (AMD) working on?

AMD is working on its MI300X accelerator, which has seen early success in the data center GPU business.

What is Meta Platforms' venture into the chip-making space?

Meta Platforms is developing its own Meta Training and Inference Accelerator (MTIA) chip to reduce reliance on Nvidia and enhance its data processing capabilities.

What do these developments from Intel, AMD, and Meta Platforms suggest for the competitive landscape in the AI semiconductor market?

These developments suggest a potential shift in the competitive landscape, with Intel, AMD, and Meta Platforms posing a challenge to Nvidia's market dominance. Investors are closely monitoring these companies as they aim to capitalize on the growing demand for AI technologies.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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