NVIDIA becoming 1 Trillion USD - Racing towards AI Super power

Nvidia stock is 8X of Intel stock. Who would have thunk it?

Andy Grove was a management Guru besides being the CEO of Intel. He made his name preaching that "only the paranoid survive". But he left Intel in a poor shape and poor hands. He narrowed the business focus to high margin processors. Intel learned to live high on the hog. Intel he left behind was not paranoid at all. It was a full on monopoly that kept raising prices to squeeze PC makers, who had to live on paper thin margins. It did not know how to handle cheaper processors and gave up the whole mobile revolution to ARM. Intel had earlier given up on Memory, EEprom and Flash chips. Intel had pioneered all those technologies.

Processor gravy train has run out of steam. PC shipments were down 35%. Virtualization limited the need of servers.

Concentrating your offering to the high end, high margin chips was a risky proposition in a rapidly changing technology market. Markets are unforgiving and Intel is now on government dole!

Read More - https://www.nytimes.com/2023/05/25/business/dealbook/nvidia-outlook-artificial-intelligence.html?smid=li-share