Once the dominant force in chip manufacturing, Intel in recent years, it ceded its manufacturing advantage to rival TSMC and missed out artificial intelligence boom generative after wrong moves. The biggest mistake was the lack of investment in OpenAI – CNN reports.
Intel shares are plummeting
Intel (INTC) stock is down 54% this year, making it the worst performer on the index. Founded in 1968, the Silicon Valley pioneer sold memory chips before switching to processorswhich helped launch the personal computer industry. In the 1990s, “Intel Inside” stickers turned commodity electronic components into premium products and eventually became ubiquitous on laptops.
Nvidia replaces Intel
Nvidia has become a cornerstone of the global semiconductor industry thanks to the key role its chips play in powering generative artificial intelligence technology. This has caused its shares to rise sevenfold over the past two years. This year alone, the company’s stock has more than doubled.
Nvidia among the most valuable companies in the world
Once popular only among gamers who hunted for PCs with Nvidia GPUs, the company is now the world’s second most valuable and is seen as a barometer for the artificial intelligence market. It will be Nvidia that will take Intel’s place on the Dow index.
