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Qualcomm Challenges Intel and Apple in AI Race
2024-09-05 13:29:08
Artificial Intelligence
Tech
Technology

Qualcomm Challenges Intel and Apple in AI Race

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Qualcomm, a US chip manufacturer with a significant 2023 revenue and profit, is stepping up in the AI competition with its new Snapdragon-X-Plus chips. Meanwhile, Intel faces uncertainty with plummeting stock and fierce competition from Nvidia and TSMC.

Despite efforts to pivot towards becoming a top foundry, Intel's struggles with its AI chip Gaudi are evident. In contrast, Nvidia's strong quarterly sales highlight its dominance in the market.

The ARM microprocessor sector, led by major players like Intel, Nvidia, and Qualcomm, is driven by smart devices and automotive electronics demand. Analysts foresee Nvidia's continued growth in AI, positioning the company to potentially reach a $10 trillion valuation by 2030.

Related news on that topic:

Qualcomm, Intel, and Apple in Competition for AI Laptops

Qualcomm unveils new Snapdragon-X-Plus processors for AI laptops under 1,000 euros, while Intel introduces the more powerful Core Ultra 200V. Apple, on the other hand, already uses its own chip systems in Macs. Microsoft's Copilot+ PC category initially used only Qualcomm chips, but will now expand to include Intel and AMD. Laptop manufacturers such as Acer, Asus, Dell, HP, Lenovo, and Samsung are expected to make product announcements using Qualcomm systems at the IFA. These new processors offer improved performance, efficiency, and long battery life. The competition between Qualcomm, Intel, and Apple highlights the advancements in chip technology and the importance of AI capabilities in laptops. Additionally, Microsoft's Surface devices and Acer's Swift AI laptops showcase the integration of these chips into the workplace and the claim of extended battery life.

Nvidia Faces Questions as Stock Slumps and Antitrust Probe ... Escalates

Nvidia's stock slumps 13% post-earnings as investors question AI spending returns and the US Department of Justice launches an antitrust probe into the company's market dominance. Analysts warn of risks if AI adoption lags, while Nvidia CEO acknowledges the lack of 'killer' AI apps. The company's recent acquisitions and delay in releasing new processors add to concerns. Despite the slump, Nvidia expects a 2024 gain of 118%. Billionaires are selling Nvidia shares and investing in other AI-related stocks. Intel secures a major AI chip customer with a partnership with IBM. The Edge AI Software Solutions market is set to grow at a CAGR of 37.02% through 2032, driven by IoT devices and the need for faster data processing.

Read 10 more recent news on this topic

The press radar on this topic:

The Street
9. September 2024 um 16:04

Intel's future suddenly may be in doubt TheStreet Daily Newsletter

Technology
Economy
Finance
Once a tech titan, Intel now faces a crisis: plummeting stock, layoffs, suspended dividends. Competitors like Nvidia and TSMC dominate chip design and manufacturing. Intel's CEO aims to make it a top foundry, aided by $8.5B in grants and $11B in loans from the Biden Administration, and investments from Brookfield and Apollo. But progress is slow, and the company's AI chip Gaudi trails Nvidia's $20B quarterly sales. Intel's 56-year history is in jeopardy as it struggles to adapt, failing to rec..
focus
5. September 2024 um 06:56

Computer Chips - Qualcomm enters the AI competition with Intel and Apple

Technology
Economy
The US chip manufacturer Qualcomm, which generated a revenue of 35.8 billion dollars and a profit of 7.23 billion dollars in 2023 with 37,000 employees, is challenging Intel and Apple in the AI competition with its new Snapdragon-X-Plus chips.
derstandard
5. September 2024 um 06:06

Qualcomm Pushes Back Against Intel and Apple

CEO Amon promises long battery life for laptops with Snapdragon chips
Yahoo Finance
5. September 2024 um 09:36

1 Stock-Split Artificial Intelligence (AI) Stock to Buy Before It Soars 285%, According to Certain Wall Street Experts

Finance
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Nvidia, the semiconductor leader in GPUs, CUDA software, and AI processors/networking, reported excellent Q2 results. Analysts expect 49% annual earnings growth through 2026. The AI market is projected to grow 36% annually through 2030, supporting Nvidia's potential to reach a $10 trillion valuation by the end of the decade.
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