Intel's Delay Is Proving To Be Nvidia, AMD's Gain

  • Reuters reports that the U.S. Department of Energy is nearing a deal to buy a supercomputer made with NVIDIA Corp NVDA and Advanced Micro Devices Inc AMD chips due to a delay from Intel Corp's INTC.
  • A key lab is waiting for a larger supercomputer from Intel that got delayed. Intel's supercomputer for the Argonne National Lab near Chicago was touted as U.S.' fastest computer when announced in 2019.
  • Nvidia and AMD's Polaris will come online this year and serve as a test machine for Argonne to prepare its software for Intel's device. However, it will not serve as a replacement for Intel's machine.
  • Reuters notes that the $500 million Intel contract for the supercomputer is expected to deliver exaflop performance or perform 1 quintillion per second.
  • Based on Nvidia's A100 chips and AMD's Rome and Milan chips, Polaris will be able to make some exaflop calculations but mostly work at slower speeds.
  • Intel said it is committed to delivering the computer by 2022.
  • Price Action: NVDA shares traded lower by 0.35% at $217.17, and AMD shares traded higher by 0.07% at $107.73 in the premarket session on the last check Wednesday.

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