Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags
MARKET SHIFT: Nvidia's AI chip dominance is cracking. Intel, AMD, and Micron just surged double digits as Wall Street bets on a new generation of compute.
Why it matters
The AI infrastructure hierarchy is shifting. As training workloads mature and inference/edge deployment scales, CPU makers and memory manufacturers are gaining investor confidence—signaling that GPU-centric AI buildouts may be entering a new phase where chip diversity matters more than Nvidia's historical monopoly.
The key facts
5 to knowIntel, AMD, Micron all posted double-digit share gains
Shift described as 'changing of the guard in AI' by Wall Street
Nvidia underperforming relative to CPU and memory competitors
Investor thesis: CPU makers and memory companies powering next AI stage
Published May 8, 2026 — recent market movement
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Intel, AMD and Micron surged double digits this week as investors bet on CPU makers and memory companies powering the next stage of AI