Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags

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Since the launch of ChatGPT in late 2022 and the start of the generative AI craze, one name has dominated the infrastructure boom: Nvidia

While the chipmaker — and the world’s most valuable company — continues to prosper and is expected to show revenue growth of 70% this fiscal year, Wall Street has moved elsewhere, piling into businesses that were hardly visible in the initial years of the artificial intelligence buildout.

This week offered the starkest illustration yet of what MIzuho analyst Jordan Klein said could be a “changing of the guard in AI.” Chipmakers Advanced Micro Devices

and Intel