Should Nvidia and AMD Investors Worry About Intel's Dire Warning About Chip Demand?

·5 min read

A lot of hope is being placed in Intel's (NASDAQ: INTC) Foundry Services business and for good reason. It's not just a pillar of chipzilla's plan to recapture semiconductor industry dominance, it's also an important endeavor as countries around the globe try to localize chip manufacturing. Numerous other chip companies like Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and memory chipmaker Micron Technology (NASDAQ: MU) have stated that some end markets for semiconductors (consumer electronics like PCs and smartphones in particular) are in decline after a couple of years of record spending during the pandemic.