The big question I have, why isn't Nvidia's stock falling quickly ? Nvidia's GPUs are the most in demand chip for AI. Seems Nvidia stock is also falling, but not as much. I would think it would fall almost as quickly as Intel.<p>I wonder if something else is happening to Intel<p>Nvidia Stock:<p><a href="https://finance.yahoo.com/quote/NVDA/" rel="nofollow">https://finance.yahoo.com/quote/NVDA/</a><p>Intel Stock:<p><a href="https://finance.yahoo.com/quote/INTC/" rel="nofollow">https://finance.yahoo.com/quote/INTC/</a>
Apple Silicon launched in Mac, the first couple iterations worked/sold great. By the launch of M3 market realized it wasn't a fluke and that x86 was dead but still fundamental due to deployment at the time<p>Flash forward a couple more years to now it's all about efficient model training which sucks on generic CPUs so everyone is buying and designing other chips<p>Two big consumer pivots over 4-5 years and boom ...they're IBM and handed lifelines to shore up chip manufacturing in the US for strategic reasons but Intel essentially manufactures rotary phones right now. Maybe the fab biz will get modern designs right. We'll see
Modern Intel chips have no issues trading blows with Apple Silicon.<p>Their fabs are the weakest part of their business (I wonder why once AMD spun off GlobalFoundries so they could focus on the core product, they suddenly started doing well) Once they started making chips on TSMC's processes, wow, all of a sudden, theyre in the same league as Apple Silicon.
A better comparison is probably AMD, since they also make server CPUs.<p><a href="https://finance.yahoo.com/quote/AMD/" rel="nofollow">https://finance.yahoo.com/quote/AMD/</a><p>I figured the current owners of INTC stock are betting on the success of their fab business.. I think that's still to play out.
I understand nothing but I want to join the conversation.<p>It seems to me that nvidia bubble is still to burst.
There is a trust me bro circle where Nvidia somehow sold GPU to itself so it can host someone else's models.
Maybe three years ago or a little more they announced they plan to move away from consumer end and focus on cloud. Back then it did not make much sense because everybody though "how the f Nvidia will manage clouds like AWS?" And their business model seems to me that it is a shared risk model where Nvidia don't "own" the cloud but pay for its GPU to have that market share.
I think it would make much sense if the thin layer those, how did the greedy musk said, neocloud/cloudfronts or whatever, were not so brittle due to the lack of market demand.<p>I have the impression they had a gold strategy for them but for some reason they rushed it too much and now they broke the market before they could profit from it.<p>I can imagine that if they didn't hoard their own resources to create scarcity artificiality, they would possibly have a stronger position in the market.
I can only think they did this because (A) they know the current government will bail them out and (B) someone was worried that China could hoard those GPUs first.<p>But as I said, I don't understand much of the topic, but it seems to me they are try to get as much money as soon as possible and that looks scam-ish to me. They all put investment rounds too close to each other, started creating concerning stories and "rogue" AIs at the same time. Maybe I'm being too paranoid, but so far those guys have been pulling some hat tricks and I think I know who will pay the bill<p>Edit:
Also I think the big ones artificially produced better numbers by doing massive layoff rounds. Depending on how those happen, it produces almost an immediate loss that can be smoothed, and then a peak on profit, and then we will see if their numbers keep up 2 or 3 quarter after that.
Maybe I have trust issues, but man, this does smell weird.
Intel GPUs are pretty worthless right now for inference, let alone training. Which isn't to say that there aren't people getting value out of them, but from a dollars/wattage/sanity to performance, there's no point to buying anything but Nvidia for most people and businesses. I don't want this to be the case, but that's just how it is currently.
Because people are buying Nvidia products way more than Intel products, one would think. Nvidia owns the whole AI movement. Intel doesn't.
the markets that Intel focuses on have larger/easier freedom of choice for the consumers, for one.<p>things are changing but there is a sort of "no one ever got fired for using nvidia for inference." thing going on.
Nvidia is still the only game in town for training at scale, and the fastest for inference (plus, at scale, the cheapest for inference, as hard as that sounds to believe)
NVidia had $96B in revenue and $60B of profit in Q2 2026, both of which doubled or more from Q2 2025.<p>Intel in Q3 2026 had $16.5B in revenue and $3.3B of profit, and $13.7B and $4.4B in Q3 2025.<p>NVidia is doing much better than Intel, people are selling bonds and junk bonds to buy billions of dollars of NVidia cards that NVidia is making 75% gross margins on. They’re making the kind of profits that would make a drug dealer blush.<p>I used Q3 earnings for Intel because Nvidia hasn’t reported their Q3 earnings yet and Intel’s Q2 earnings showed losses in both 2026 and 2025.