Wedbush’s Ives at AI Summit: Intel requires a monumental turnaround to catch up in the industry

Wedbush’s Ives at AI Summit: Intel requires a monumental turnaround to catch up in the industry

Wedbush Securities criticized Intel for falling behind competitors like Nvidia and AMD in the artificial intelligence (AI) sector. Dan Ives, managing director of equity research at Wedbush Securities, highlighted Intel’s inability to advance AI technology, calling it a “debacle.” He expressed doubt that Intel’s CEO, Pat Gelsinger, could turn the situation around and compete with … Read more