AMD and Intel Outpace Nvidia in 2026 as AI Infrastructure Trade Broadens — BigGo Finance

Intel (INTC) CEO Lip-Bu Tan bought $10M of stock at $95, but shares now trade below that price. Q2 Data Center and AI revenue surged 59% to $6.3B, while Intel Foundry posted a $2.1B operating loss. Intel's stock is at $93.05 as of August 28, 2026.

Nvidia reported strong results and forecast 70% revenue growth in 2028, exceeding analyst expectations. Its shares rose 9%, lifting other semiconductor and software stocks. Salesforce gained 23% after beating forecasts. Fed Chair Warsh's speech at Jackson Hole may impact market sentiment. The Dow, S&P 500, and Nasdaq have risen 11.5%, 12.9%, and 14.2% year-to-date, respectively. The FTSE100 lagged due to low tech exposure but gained 9.1% year-to-date.

Marvell (MRVL) fell 7% despite beating estimates and raising FY2028 revenue target to $18B, as Google AI payoff delayed to FY2029. Google holds a warrant for up to 7% of MRVL shares. NVIDIA (NVDA) and Intel (INTC) saw minor declines. Investor Day on Oct 6 is the next catalyst.

Intel (INTC) raised $23B to expand AI chip production, with plans to begin Intel 14A risk production in 2027. The company expects data-center demand to drive growth, with CPU requirements increasing for AI workloads. Intel aims for gross margins in the mid- to high-40% range and foundry break-even by late 2027 or 2028, with advanced packaging as a key growth area.

AMD agreed to buy $150M of Nutanix stock, with an option to add $100M, to co-develop AI inference infrastructure. Analysts updated Nutanix price targets, ranging from $63 to $90, with mostly steady to positive ratings.

River AI, founded by Igor Babuschkin, raised $1.1B in funding led by General Catalyst and AMP PBC, with strategic investments from AMD and NVIDIA. The funds will support its AI development and tools for developers. Latham & Watkins advised AMD in the transaction.