Intel Says It Won't Even Make $500M From Gaudi AI Chips In 2024 Despite Nvidia Minting Billions: CEO Gelsinger Says Uptake 'Slower Than We Anticipated'

Intel Corp. faces challenges with its AI accelerator program falling short of revenue targets due to a product transition issue. Intel's stock decline has attracted interest from Qualcomm, indicating a tough phase for the chipmaker. Other competitors like Nvidia and AMD have seen growth in their data center business segments.