Nvidia Throws Intel a Bone, Plus Amazon Workers Plan Walkout 5/31/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 31 May 2023
⏱️ 7 minutes
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| 0:00.0 | Intel is a mover in a tough tape today popping on news that the company is |
| 0:06.7 | guiding revenue to the top half of its range for Q2. |
| 0:09.8 | Dear Dr Bosa is watching that on today's Tech Jack, hey Dee. |
| 0:13.4 | Hey Carl, there is that outlook, Carl, which I will get to, but there's another piece of |
| 0:16.7 | news too that I want to first talk about that could prove more significant and has really |
| 0:20.7 | flown under the radar. |
| 0:21.8 | Earlier this week in Taiwan, |
| 0:23.2 | NVIDIA CEO Jensen Huang, he threw until a bone. |
| 0:26.0 | He said that their test chips, quote, look good. |
| 0:28.9 | And that is noteworthy. |
| 0:30.2 | It is a small but significant signal to markets that Pat Gelsinger's grand ambitions, |
| 0:35.0 | his plans to become a player in foundry. |
| 0:37.8 | The business of manufacturing chips may actually be working, and the fact that it comes from |
| 0:42.4 | Huang, an AI kingmaker who can do no wrong in |
| 0:45.7 | investors eyes these days whose advanced chips are leading the generative AI platform shift |
| 0:50.8 | that is key here too. It's a comment that is likely to please |
| 0:53.5 | investors and lawmakers like Intel is of course an American company and as such |
| 0:57.8 | it could bring advanced chipmaking back home seen as a national security issue |
| 1:02.1 | and eventually counter the current dominance of |
| 1:04.3 | T. S. Samsung, Tamones and Korean companies, respectively. Now to be clear all we got |
| 1:09.0 | from invidia and Wong was a small vote of confidence and the journal reported this week that |
| 1:13.6 | Qualcomm and Tesla they also explored Intel as a manufacturer but then they |
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