"But when we go to an AI server, Intel's contribution drops to low-single digit percent, and that's where Nvidia's contribution gets to almost 60%, 70% of the price of the server."
Still, it's possible AMD also saw softer demand for its data-center CPUs in the last quarter due to ramped-up AI spending.
Like Intel, AMD is also working to bring its own AI-focused chips to market .
Yes, Nvidia stock has had a monster run, more than tripling year-to-date, but the fundamental reason for that outperformance — its AI dominance — is completely intact.
It remains an "own it, don't trade" stock, alongside Apple (AAPL).
Persons:
Pat Gelsinger, —, Vivek Arya, Arya, Intel's, Lisa Su's, Gelsinger, AMD's, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T
Organizations:
Intel, Nvidia, Club, — Club, Microsoft, CNBC, Bank of America, Devices, AMD, Apple, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty
Locations:
China, Los Angeles , California, U.S