Nvidia's AI Chips Eat Intel's Lunch: Here's How Much More You'd Have Made If You Invested $1,000 In Jensen Huang's Company Instead Of Intel In 2023
Portfolio Pulse from Rounak Jain
Nvidia Corp. (NVDA) has outperformed Intel Corp. (INTC) in 2023, with its stock price surging 226% compared to Intel's 67% increase. Nvidia's market cap is now $1.152 trillion, dwarfing Intel's $187.781 billion. Nvidia's data center revenue soared to $14.5 billion in Q3 2023, while Intel's fell to $3.8 billion. Nvidia dominates the AI chip market with over 70% share, and its H100 chip is in high demand, with production dependent on TSMC (TSM). Analysts rate NVDA as a 'Buy' with a 27.6% upside, while INTC is rated as a 'Hold' with a potential 22.2% decline.
December 12, 2023 | 3:25 pm
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NEGATIVE IMPACT
Intel's stock has seen a modest increase of 67% in 2023, but it lags behind Nvidia in market cap and data center revenue, with analysts expecting a potential 22.2% fall.
Intel's decrease in data center revenue and the less favorable analyst ratings compared to Nvidia suggest a negative short-term impact on INTC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nvidia's stock has significantly outperformed Intel's in 2023, with a 226% increase in stock price and a dominant position in the AI chip market.
Nvidia's strong performance in the AI chip market and its impressive stock price increase in 2023, along with positive analyst ratings, suggest a continued positive short-term impact on NVDA's stock.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
TSMC is crucial for Nvidia's ability to meet the high demand for its H100 AI chip, which could impact TSMC's performance based on Nvidia's needs.
TSMC's role as the manufacturer for Nvidia's in-demand H100 AI chip suggests a positive correlation between Nvidia's demand and TSMC's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75