Intel Risks Being Left Behind in AI Frenzy

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Shares of Intel (INTC) Thursday dropped more than -5% on concern the microchips it makes are ill-suited for the needs of artificial intelligence (AI) applications. Intel retreated Thursday on concern the AI frenzy may prompt companies to shift their data center budgets away from central processing chips that Intel makes toward graphics processing chips that Nvidia (NVDA) makes. Just two years ago, Intel was the World’s biggest chipmaker. On Thursday, Nvidia surged more than +24% to a record high after it said booming demand for its chips to power AI applications would boost its sales this quar…

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