This trade seeks to take advantage of the current discount and the heightened volatility being applied to Intel.
INTC SOXX 5Y mountain Intel, 5 years Earlier this week, Intel unveiled its latest artificial intelligence chip, called Gaudi 3.
Intel is trying to penetrate and take market share from AI leader Nvidia, which possesses nearly 80% of the market share in the AI chip market.
This trade seeks to capitalize on the increase in volatility as Intel dropped nearly 4% on the open.
DISCLOSURES: (Long intel and this trade) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Persons:
Mike Tyson, YouTuber Jake Paul, Gaudi
Organizations:
Intel, AMD, Nvidia, intel
Locations:
China