Intel relaunches chips on AI, but Wall Street freezes it out
The stock has lost 40% since the beginning of the year, while rivals (such as Nvidia) fly. New products do not excite either
3' min read
3' min read
Pat Gelsinger, Intel's CEO, has an absolutely difficult task: to convince the market that the future of his company has not been compromised by some poor choices and the boom of competitors such as Nvidia. And he tried to do so during Computex, the technology fair currently taking place in Tapei (Taiwan), where the world's most important chip manufacturers are competing in innovation.
Gelsinger has to try to reverse a worrying trend, to say the least, for Intel. The company based in Santa Clara County, California, has lost 40% of its value on Wall Street since the beginning of the year. A significant figure, especially when placed in a context - that of semiconductor companies - of great growth. In the same period of time, Nvidia's stock gained 132%; Arm's 65%; Qualcomm's 40%; AMD's 10%; and TSMC's 58%.
Intel, which is one of the most important and long-lived companies in the semiconductor industry, not only does not follow in the wake of its competitors, but even collapses. And the numbers are soaring.
As mentioned, Gelsinger also tried from Tapei to 'revive' the title. Not only with the announcement of new processors for artificial intelligence, but also by responding directly to the most prominent CEO of the moment: Jensen Huang, Nvidia's deus ex machina, who had told how traditional processors (such as Intel's) are running out of steam in the age of artificial intelligence.
From the Computex stage, Gelsinger responded: 'unlike what Jensen would have us believe, Moore's Law is alive and well,' he said, pointing out that Intel will play a major role in the proliferation of artificial intelligence as the leading PC chip supplier. 'I think it's like the Internet 25 years ago, it's so big. We see it as the fuel that drives the semiconductor industry to reach $1 trillion by the end of the decade."
