The competition in the semiconductor market is heating up as Intel (INTC) becomes the latest chipmaker to announce a new AI chip. This move comes after Nvidia (NVDA) and AMD (AMD) recently announced their own AI chip offerings for the market. Yahoo Finance's Akiko Fujita dives into the details of the global chip industry and the projected investments and revenue to come from this sector in the years ahead. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Shares of Nvidia (NVDA) are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320. Yahoo Finance's Seana Smith and Madison Mills break down the details, providing insight into the intensifying competition as AMD (AMD) unveiled its own AI chip. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp.Most Read from BloombergModi Set to Lose India Majority, Needs Allies to Keep PowerShort Sellers in Danger of Extinction After Crushing Stock GainsMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHow Billionaires Bought 70% of Detroit’s Offices