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Here's why this AI chipmaker continues to outflank the competition

Source: cnbc.com cnbc.com
News Snapshot:

Intel (INTC) may have jumped over Wall Street's low bar in the second quarter , but the embattled chipmaker's results further highlight rival Nvidia (NVDA) as the semiconductor firm to beat in the nascent race to dominate artificial intelligence. The biggest takeaway — or " read-through," in Wall Street parlance — from Intel's results is that data-center customers have recently emphasized spending on AI projects, leading to softer demand for the company's bread and butter: traditional server chips, known as central processing units (CPUs). The shift is boosting demand for graphics processing units (GPUs), a type of high-powered chip that…

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