In This Article:
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 Benzinga.com