Bloomberg Surveillance · Thursday, July 23, 2026
To regain competitiveness, Intel needs to develop a more comprehensive offering in the data center space, including GPUs and networking capabilities, and move towards a systems-level play. Competitors like AMD and Broadcom are actively pursuing this strategy. While Intel has underperformed for years, its foundry business could receive government support, but catching up to leaders like Nvidia in the AI chip market will take significant time and execution.
“And that's where you need for them to execute much better on the data center side, in terms of having a GPU, having more on the networking side, having a systems play, which is what we are hearing from AMD. By the way, That's what AMD is after, That's what Broadcom is after.”
“So I'm not ready to put Intel in that basket of companies that have systems.”
“But in terms of again comparing them to someone like Nvidia, we are far off.”