After gaining market share in PCs and servers, AMD forayed the AI accelerator market with its MI300, targeting a market that could grow to over $400 billion in four years.

However, Intel Corp's (NASDAQ: INTC) latest move made the stock a tad jittery.

Meanwhile, Intel stock climbed Thursday as it shared intentions to intensify the rivalry with Nvidia and AMD by launching its Gaudi 3 AI accelerator.

Intel is eying the new wave of AI applications, expecting it to constitute 80% of PCs sold within four years.

Also Read: Citi Analyst Predicts Intel And Micron As Biggest Beneficiaries In US CHIPS Act Push, Despite Regulatory Hurdles

AMD stock gained over 6% in the last five days, versus Intel with around 9%.

Price Action: AMD shares traded lower by 0.91% at $136.93 on the last check Thursday.