From Nasdaq:

Wall Street has seen a massive 53% year-over-year rise in the Nasdaq-100 Technology Sector index due to heightened interest in the artificial intelligence (AI) market. Major focus has been on chip stocks, particularly Nvidia and Intel, which have seen gains of 204% and 53% respectively. Nvidia currently dominates the AI market.

Nvidia is holding a strong foothold as one of the top companies in AI, with 80%-95% of AI GPU market share. Nvidia’s earnings have been skyrocketing, reflected in the company’s stock price and financial health. Despite competition heating up, Nvidia has a $17 billion free cash flow to defend its dominance.

Intel, on the other hand, saw an earnings report WELL below Wall Street’s estimations. The company’s stock dropped about 12%, but the AI market’s projected growth of 37% CAGR through 2030 gives Intel a good chance to stay competitive. While Intel is less expensive than Nvidia, several factors make it a lucrative option for investors, including new AI chip technologies.



Read more: Better AI Stock: Nvidia vs. Intel