Latest news with #Gelsinger
Yahoo
28-04-2025
- Business
- Yahoo
Former Intel CEO Says Nvidia's Focus and Moats Power Its AI Chip Lead
Former Intel (INTC, Financials) CEO Pat Gelsinger said Nvidia (NVDA, Financials) secured its leadership in artificial intelligence chips by executing well and building strong competitive defenses. Warning! GuruFocus has detected 7 Warning Signs with INTC. In an interview with Yahoo Finance's Opening Bid, Gelsinger credited Nvidia CEO Jensen Huang with keeping the company ahead of rivals by pushing teams to stay at the cutting edge. He said Nvidia's advantage comes from a combination of strong execution and "meaningful moats" that protect its position in the fast-growing AI market. Nvidia's technologies like NVLink, which links GPUs within servers, and CUDA, a platform that speeds up computing workloads, were cited by Gelsinger as key examples of those moats. He noted that investment from large corporations and a surge of AI startups particularly in the Bay Area have accelerated demand for AI chips. "I can't throw a rock right without hitting a new AI startup in the Bay Area," Gelsinger said. While Nvidia has gained momentum, Intel has struggled. Once a dominant force in Silicon Valley, Intel missed major industry shifts such as the rise of mobile and AI. The company's stock fell nearly 50% in 2024, prompting layoffs and buyouts during Gelsinger's tenure. Intel's new CEO, Lip-Bu Tan, who took over in March, acknowledged the company had been "too slow to adapt" and pledged to rebuild trust with customers. Intel's stock has dropped another 22% over the past month. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Nvidia CEO Jensen Huang Earns Praise From Former Intel CEO Pat Gelsinger: 'Run Hard To Stay In The Front'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Pat Gelsinger, the former CEO of Intel Corp. (NASDAQ:INTC), expressed admiration for Nvidia Corp. (NASDAQ:NVDA) and its superior performance in the artificial intelligence chip market. What Happened: Gelsinger praised Nvidia's ability in an interview with Yahoo Finance to outperform competitors, attributing its success to two main factors: execution and a competitive advantage in AI products. Gelsinger, who resigned as Intel's CEO in December, praised Nvidia Co-Founder and CEO Jensen Huang for his leadership. He stated, 'They are executing well. At the end of the day, Jensen is on it — driving his teams to stay in the front end.' Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share! Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. He also acknowledged Nvidia's ability to 'run hard to stay in the front' in the silicon AI accelerator market, a sector experiencing significant growth due to increased spending from large companies and the emergence of AI startups. Why It Matters: According to Gelsinger, Nvidia's second strength lies in building 'meaningful moats,' or sustainable advantages that shield the company from competition. He cited Nvidia's NVLink and CUDA technologies as examples of these competitive moats. Gelsinger's remarks coincide with Intel's struggles, which include a 45% decline in the company's share price in the previous year. In his first public appearance as CEO, Lip-Bu Tan, Intel's new CEO, recently admitted the company's flaws. Intel outperforms rivals Nvidia and Advanced Micro Devices Inc. (NASDAQ:AMD) on valuation metrics, but Huang-led Nvidia excels in momentum and growth, according to Benzinga Edge Stock Rankings. Sign up to learn more. Read Next: It's no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here's how everyday investors are getting started. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Send To MSN: Send to MSN This article Nvidia CEO Jensen Huang Earns Praise From Former Intel CEO Pat Gelsinger: 'Run Hard To Stay In The Front' originally appeared on
Yahoo
23-04-2025
- Business
- Yahoo
Former big tech CEO has shocking take on Nvidia
As Nvidia () continues to linger under the $100 per share mark, investors are still considering a key question: Is the artificial intelligence (AI) leader's reign over? Nvidia entered 2025 poised for even more growth as the AI market continued to boom. But when Chinese AI startup DeepSeek released a model trained on less-advanced chips, a massive selloff for chip stocks ensued, and NVDA is still fighting to recover. 💰💸 💰💸 Months later, the ongoing trade war between the U.S. and China continues to complicate matters for tech companies, raising even more questions for Nvidia and its peers. With shares down 18% for the past month, speculation is rising that Nvidia is losing its spot as the leader of the AI industry. However, some experts aren't so convinced that the red-hot market is shifting so quickly. One former big tech CEO recently revealed where he believes Nvidia is headed. When some CEOs are ousted from their positions at top companies, they walk away from the industry and turn their attention to other things. But Pat Gelsinger, who helped spearhead Intel's () transition into the modern age of AI, has kept busy launching his own away from the corporate world where he spent decades seems to have freed Gelsinger up to speak more openly about it. He recently appeared on the Opening Bid podcast, where he shared his thoughts on the AI revolution, chipmaking, and which company he sees as the industry's leader. To put it bluntly, Gelsinger believes that despite Nvidia's recent struggles, the company maintains a sizeable lead over all its rivals, to the point that it will be extremely difficult for anyone to dethrone it, even as the threat of DeepSeek continues to persist. 'I've always viewed that there's sort of this 10x rule, where if you're not 10x better than the king, you're not going to displace that,' he states. 'Here you have to be at least sustainably 10x better, and then people will say, okay, yeah, I'm going to go invest in that.' Gelsinger also gives Nvidia credit for building 'meaningful moats' around its franchise, acknowledging that it has clearly given the company a competitive edge that other chipmakers simply haven't been able to achieve. While the AI market has become extremely competitive over the past few years, Gelsinger believes Nvidia executed well through it all and that its 'run hard to stay in the front' strategy has paid off, despite Nvidia stock's poor performance lately. More Nvidia News:Quantum computing leader has blunt, 9-word take on Nvidia stockAlthough he is unquestionably bullish on Nvidia's growth prospects, Gelsinger did not offer context on when he believes the stock will start making up the ground it lost during Q1. However, according to Yahoo Finance, Wall Street analysts predict the company will post an increase of $5 per share this year. If there's anyone qualified to talk about trying to dethrone Nvidia, it's Gelsinger. During his tenure as CEO of Intel, he ambitiously promised the company would produce AI chips that could compete with those made by Nvidia and Advanced Micro this prediction did not pan out or even come close. Led by Gelsinger, Intel charged full force into the AI market, only to come up short and prove unable to rival industry leaders such as Nvidia and AMD. By the time Intel's board ousted Gelsinger in December 2023, the company had missed financial targets and had little progress to show on the AI front, despite the CEO's promises. Intel stock had declined significantly but since then, it hasn't made much progress and still struggles to trade above $20 per share. Given his history of trying to compete with Nvidia, it makes sense that Gelsinger would have analyzed it significantly and concluded that dethroning it is unlikely for any current company. While he has praised the DeepSeek R1 model that caused so much trouble for Nvidia, it is clear that Gelsinger sees the company as the future of in to access your portfolio
Miami Herald
23-04-2025
- Business
- Miami Herald
Former big tech CEO has shocking take on Nvidia
As Nvidia (NVDA) continues to linger under the $100 per share mark, investors are still considering a key question: Is the artificial intelligence (AI) leader's reign over? Nvidia entered 2025 poised for even more growth as the AI market continued to boom. But when Chinese AI startup DeepSeek released a model trained on less-advanced chips, a massive selloff for chip stocks ensued, and NVDA is still fighting to recover. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Months later, the ongoing trade war between the U.S. and China continues to complicate matters for tech companies, raising even more questions for Nvidia and its peers. With shares down 18% for the past month, speculation is rising that Nvidia is losing its spot as the leader of the AI industry. However, some experts aren't so convinced that the red-hot market is shifting so quickly. One former big tech CEO recently revealed where he believes Nvidia is headed. Image source: Annabelle Chih/Bloomberg via Getty Images When some CEOs are ousted from their positions at top companies, they walk away from the industry and turn their attention to other things. But Pat Gelsinger, who helped spearhead Intel's (INTC) transition into the modern age of AI, has kept busy launching his own startup. Related: Amazon directly targets Nvidia with bold new strategy Stepping away from the corporate world where he spent decades seems to have freed Gelsinger up to speak more openly about it. He recently appeared on the Opening Bid podcast, where he shared his thoughts on the AI revolution, chipmaking, and which company he sees as the industry's leader. To put it bluntly, Gelsinger believes that despite Nvidia's recent struggles, the company maintains a sizeable lead over all its rivals, to the point that it will be extremely difficult for anyone to dethrone it, even as the threat of DeepSeek continues to persist. Gelsinger also gives Nvidia credit for building "meaningful moats" around its franchise, acknowledging that it has clearly given the company a competitive edge that other chipmakers simply haven't been able to achieve. While the AI market has become extremely competitive over the past few years, Gelsinger believes Nvidia executed well through it all and that its "run hard to stay in the front" strategy has paid off, despite Nvidia stock's poor performance lately. More Nvidia News: Jensen Huang shocks the world with Nvidia Quantum Day surpriseQuantum computing leader has blunt, 9-word take on Nvidia stockAn event that may save Nvidia is coming May 15 Although he is unquestionably bullish on Nvidia's growth prospects, Gelsinger did not offer context on when he believes the stock will start making up the ground it lost during Q1. However, according to Yahoo Finance, Wall Street analysts predict the company will post an increase of $5 per share this year. If there's anyone qualified to talk about trying to dethrone Nvidia, it's Gelsinger. During his tenure as CEO of Intel, he ambitiously promised the company would produce AI chips that could compete with those made by Nvidia and Advanced Micro Devices. Related: Popular AI app faces US ban (just like TikTok) Unfortunately, this prediction did not pan out or even come close. Led by Gelsinger, Intel charged full force into the AI market, only to come up short and prove unable to rival industry leaders such as Nvidia and AMD. By the time Intel's board ousted Gelsinger in December 2023, the company had missed financial targets and had little progress to show on the AI front, despite the CEO's promises. Intel stock had declined significantly but since then, it hasn't made much progress and still struggles to trade above $20 per share. Given his history of trying to compete with Nvidia, it makes sense that Gelsinger would have analyzed it significantly and concluded that dethroning it is unlikely for any current company. While he has praised the DeepSeek R1 model that caused so much trouble for Nvidia, it is clear that Gelsinger sees the company as the future of AI. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Int'l Business Times
23-04-2025
- Business
- Int'l Business Times
Intel To Cut Over 21,000 Jobs As New CEO Reshapes Company Strategy: Report
Intel is reportedly planning to lay off over 21,000 employees, which is about 20% of its workforce. The news comes just before Intel's first-quarter earnings call, led by new CEO Lip-Bu Tan, who took over from Pat Gelsinger last year. Tan's restructuring plan The layoffs are part of Tan's plan to simplify management and focus on rebuilding a strong engineering culture, according to Bloomberg. At the end of last year, Intel had about 108,900 employees after already cutting 15,000 jobs in August 2024. The 65-year-old CEO is working to revive Intel after years of losing ground to competitors. The company, based in California's Santa Clara, has been struggling to compete with Nvidia in artificial intelligence computing, which has led to three years of declining sales and financial losses. Tan, who has experience from Cadence Design Systems, plans to sell parts of Intel that don't fit its main goals and focus on developing stronger products. Intel's asset sale and Q1 results Recently, Intel agreed to sell a majority stake in its programmable chips unit, Altera, to Silver Lake Management as part of this strategy. Tan also emphasized the need to rebuild Intel's engineering team, improve its financial health, and better align manufacturing with customer needs. Intel is set to announce its first-quarter results Thursday, giving the CEO a chance to share more about his plans. While Wall Street expects the company's revenue decline to slow, analysts do not predict a return to previous sales levels for several years, if at all. Leadership change and factory expansion Tan was hired after Gelsinger was removed last year. Gelsinger had tried to turn Intel around by expanding its factory network and making it a customized chip manufacturer, but those efforts faced challenges. Intel has delayed much of its factory expansion, including a major project in Ohio that was expected to be the largest chip production site. The company also expected to benefit from funding under the 2022 Chips and Science Act, but that program's future was uncertain under President Donald Trump. Plans for a manufacturing partnership with Taiwan Semiconductor Manufacturing Co. (TSMC) have also become unlikely, as the company's CEO recently stated the company will focus on its own business.
