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Nvidia’s rivals prepare their AI assault

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Nvidia’s rivals prepare their AI assault

Nvidia's competitors, Intel and Advanced Micro Devices (AMD), are preparing to challenge Nvidia's dominance in the AI chip market. Nvidia's sales and market value have surged due to the demand for its chips in generative AI applications. Intel and AMD are experiencing a decline in data-center sales as companies shift their spending towards Nvidia's specialized chip platforms. AMD is launching a new class of AI accelerator chips called the MI300 family, while Intel is showcasing its latest AI products. However, both companies still have a significant gap to close compared to Nvidia's projected data-center revenue.

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