· 1d · on MSN
Intel's former CEO says the market is getting DeepSeek wrong after AI-chip-stock rout
Former Intel CEO Pat Gelsinger invests in Nvidia following market dip, calls DeepSeek reaction "wrong"
"The market reaction is wrong, lowering the cost of AI will expand the market," Gelsinger said on social media. "Today I am an Nvidia and AI
· 13h
Market reaction to DeepSeek is wrong: Intel CEO advocates cheaper AI, open source
Chipmaker Intel Corporation (NASDAQ:INTC) is set to report its fourth quarter earnings results on Thursday, January 30th, after the closing bell. Investors are eagerly waiting for updates on PC demand,
1don MSN
The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will make AI better for everyone.
The industry expects the resource-light new model could usher in a wave of more efficient AI models, hurting demand for AI hardware.
The DeepSeek technology has the potential of bringing more people into world of AI and expanding the transformative power of AI to a broader audience.
As mentioned, Qualcomm's chipsets have long led the chipset market. As the 5G upgrade cycle has cooled, the company has pivoted to designing AI-enabled chips. To that end, it has developed the Snapdragon 8 Gen 3 chip for this purpose, and it should improve on its capabilities with the upcoming release of a Gen 4 chip.
Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.
AI inference has long been a focus area for former Intel CEO Pat Gelsinger; that interest continues in his post-Intel investment in AI startup Fractile.
The artificial intelligence boom is a two-edged sword for $290 billion ASML . Shares in the Dutch maker of lithograph machines used to make chips soared by 8% on Wednesday thanks to booming demand from semiconductor manufacturers such as TSMC .
We came across a bullish thesis on NVIDIA Corporation (NVDA) on Substack by Charly AI. In this article, we will summarize the bulls’ thesis on NVDA. NVIDIA Corporation (NVDA)’s share was trading at $128.
Intel is currently being led by co-CEOs David Zinsner, who also serves as CFO, and Michelle Johnston Holthaus, who is also CEO of Intel Products. The company is still searching for a permanent CEO to take the reins and attempt to revitalize the storied chipmaker.
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