Intel announced plans to price its next Gaudi AI accelerator chips at a steep discount to its rivals. However, Intel stock dipped.
Nvidia rose as long-time Apple partner, Foxconn announced plans to build "AI factories" to race against Tesla in developing autonomous driving technologies.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.