Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks
Portfolio Pulse from Benzinga Neuro
Intel's introduction of the Gaudi 3 AI chip is expected to benefit TSMC, Alchip, and Wistron significantly, with Morgan Stanley projecting a surge in demand. TSMC will fabricate the chips, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI is driving TSMC's revenue growth, and Alchip's strategic relocation to Japan aligns with its involvement in Gaudi chips. Intel's stock, currently consolidating, may rise with the Gaudi 3 launch and resolution of supply issues by the second half of 2024.
April 24, 2024 | 11:52 am
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POSITIVE IMPACT
Alchip's design services for Intel's Gaudi chips and strategic relocation to Japan indicate potential short-term stock appreciation.
Alchip's involvement in the design of Gaudi 2 and 3 chips, coupled with its strategic relocation, positions it well for short-term stock gains.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel's Gaudi 3 AI chip launch and expected resolution of supply issues by H2 2024 could boost its stock value.
Intel's stock has been consolidating, but the launch of the Gaudi 3 chip and the resolution of supply constraints are expected to positively impact its stock value in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TSMC's role in fabricating Intel's Gaudi 3 chips and its revenue growth driven by AI demand positions it for potential short-term gains.
TSMC's involvement in the fabrication of Gaudi 3 chips and its already growing revenue from AI demand suggest a positive short-term outlook for its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wistron's predicted role as the primary baseboard supplier for Intel's Gaudi 3 chips could positively impact its stock in the short term.
Wistron's expected primary supplier role for Gaudi 3 chip baseboards suggests a favorable short-term impact on its stock.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 75