Intel's CEO Pat Gelsinger forecasted Gaudi 3 AI chip revenue would exceed $500 million in 2024, positioning the third-generation accelerator as the company's main vehicle to compete in enterprise AI infrastructure. The forecast was issued after Intel missed Q2 revenue estimates, coinciding with a $40 billion market-value gain for Nvidia as hyperscalers Microsoft and Alphabet accelerated AI product launches. The shift reflects a structural reallocation of data-center spending from traditional CPUs to specialized AI accelerators, creating direct competition for Nvidia's dominant 80% market share in AI chips.
280 other tracked developments touching the same claims.