TECH - Move Over Nvidia: Experts Bullish On Intel's AI Chip Predicts Surge In These Three Global Stocks | Benzinga
The introduction of Intel’s (NASDAQ:INTC) newest artificial intelligence chip, Gaudi 3, is projected to benefit three global semiconductor companies significantly.
What Happened: According to Morgan Stanley, TSMC (NYSE:TSM), Alchip (OTC:ALCPF) and Wistron (OTC:WICOF) stand to gain the most from the demand for Intel’s latest AI chip, CNBC reported on Tuesday. The financial institution anticipates that Intel’s supply issues will be resolved in the second half of 2024, leading to a surge in confirmed sales.
TSMC will be responsible for the fabrication of Gaudi 3 chips using its latest-generation 5-nanometer process. Alchip is expected to provide design services for both Gaudi 2 and Gaudi 3, while Wistron is predicted to be the primary baseboard supplier.
Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel. The investment bank also reiterated its overweight rating on Alchip and TSMC, considering ...