5 big analyst AI moves: Intel's new chips in focus, Nvidia now a 'budget AI' stock
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
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Intel Corporation (NASDAQ:INTC) held the “AI Everywhere” event on Thursday, where it unveiled its latest innovations. The event marked the official launch of their first E-Core Xeon server CPUs, codenamed Emerald Rapids.
Moreover, Intel introduced AI-optimized Core Ultra CPUs, part of the Meteor Lake series, featuring a chiplet-based design with a CPU, embedded GPU, and NPU for enhanced AI capabilities.
“Await more proof points on INTC’s ability to close the performance gap in server, demonstrate the ability to be more competitive on AI, and execute on foundry,” Keybanc analysts said.
While Bernstein analysts took note of the rising price of Nvidia (NASDAQ: NASDAQ:NVDA) shares, they also said that they are now the cheapest they have been since late 2018.
Moreover, the stock trades at a discount to the semis-focus SOX index, which happens for the first time in 9 years.
«We cannot say for sure that NVIDIA will never encounter some sort of air pocket. But we remain very bullish on the long term opportunity in front of them, and continue to believe that in 5 years or 10 years we will all be talking about an industry that is far larger than the numbers being bandied about today,” analysts said.
“And at current prices NVDA would trade at ~30x on a $15 EPS, which actually doesn’t seem unreasonable if one believed in that future and viewed it as a trough. This stock is, and will always be, volatile, but we think you still should be there.”
UBS analysts remains very bullish on Meta Platforms' (NASDAQ:META) AI opportunity. Meta recently posted
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