Intel Gains Advantage in Shift to Inference Workloads, Nvidia Remains Resilient

Nvidia's training trade hit a speed bump, potentially redirecting $1 trillion AI investment toward inference. This creates a different contest for Intel and Nvidia, with Intel's server CPU and $6.3 billion Data Center and AI revenue giving it an opportunity. Nvidia's GPUs run both training and inference, and its CUDA and inference-focused systems give it a path to monetize deployed AI. Hedge funds were adding both stocks before the debate changed, with 138 funds holding Intel and 285 funds holding Nvidia in Q2 2022.