Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, April 10th. I'm Julie Morgan. Intel introduces a new version of its AI chip.

Have you noticed the price of gold lately?

And Phillips reaches an agreement over its sleep apnea devices.

Intel is launching a new version of its AI chip, potentially aimed at challenging

NVIDIA's dominance in the field.

At the Intel Vision 2024 conference,

the company unveiled Gaudi3 accelerator

for enterprise generative AI.

Intel said that Gaudi 3 will power AI systems with up to tens of thousands of accelerators connected

through the common standard of Ethernet.

According to Intel, the Gowdy 3 Accelerator delivers 50% on average better inference and 40% on average better

power efficiency than Invidious H100 at a fraction of the cost.

CNBC reported that the chip will be a lot lower in price

than NVIDIA's H100, which starts around $30,000.

The company noted that Gowaudi 3 will be available

to original equipment manufacturers,

including Dell Technologies, HPE, Lenovo,

and Super Microcomputer in the second quarter of 2024.

Wells Fargo highlighted on Tuesday that it may be time for investors to start paying attention to

Costco's precious metals business.

Costco began selling gold last August and silver in late January of this year.

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