Pat Gelsinger, former CEO of Intel (NASDAQ:INTC) just made a bold movebuying Nvidia (NASDAQ:NVDA) stock as it dipped on fears surrounding DeepSeek’s game-changing AI breakthrough. The market panicked after learning DeepSeek built a cutting-edge AI assistant for just $6 million, sending Nvidia and other AI giants into a selloff. But Gelsinger isn’t buying the doomsday narrative. Instead, he sees an AI market that’s about to explode. His take? Making AI cheaper doesn’t shrink demandit fuels adoption. More accessibility means more AI everywhere, and that’s a long-term win for high-performance computing.
Gelsinger has seen this movie before. From PCs to mobile to cloud, every major tech leap started with costs dropping and markets expanding. He points to DeepSeek as proof that constraints drive breakthroughsits engineers pulled off a world-class model with limited resources, much like past innovators who thrived under pressure. But efficiency isn’t replacing the need for powerhouse computing. Training cutting-edge AI still requires massive processing power, keeping demand high for Nvidia’s chips. He also warns that closing off AI research will stifle progress, arguing that open ecosystems have always fueled the biggest tech revolutions.
So, does DeepSeek spell trouble for Nvidia? Not exactly. This isn’t a winner-takes-all scenarioit’s an evolution. AI is splitting into two camps: efficiency-driven disruptors like DeepSeek and compute-heavy giants like OpenAI and Anthropic. Both will push the industry forward in different ways. As Nvidia’s stock stabilizes, Gelsinger’s contrarian bet sends a clear messagedon’t get caught up in short-term panic. The AI boom isn’t slowing down. It’s just getting started.
This article first appeared on GuruFocus.
Former Intel CEO, Bob Swan, has made waves in the tech world with his recent purchase of shares in artificial intelligence (AI) giant Nvidia. In the midst of a market dip for AI stocks, Swan has boldly declared that the panic surrounding Nvidia is dead wrong.
Swan, who served as CEO of Intel from 2019 to 2021, has a reputation for making savvy investments in the tech industry. His decision to buy into Nvidia at a time when many investors are fleeing the sector is seen as a vote of confidence in the company’s long-term prospects.
In a recent interview, Swan expressed his belief that Nvidia’s leadership in AI technology positions it for continued success in the years to come. He cited the company’s strong track record of innovation and its strategic partnerships with major players in the tech industry as reasons for his confidence in its future growth.
Swan’s bullish stance on Nvidia comes at a time when the stock market is experiencing heightened volatility, with fears of a tech bubble causing many investors to sell off their AI holdings. However, Swan remains undeterred, stating that he sees the current market conditions as a buying opportunity rather than a reason to panic.
As a seasoned tech executive with a keen eye for industry trends, Swan’s endorsement of Nvidia is likely to carry weight with other investors. While the market may be in a state of flux, Swan’s bold move to buy the AI dip could prove to be a smart bet in the long run.
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