Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags

Cnbc · May 08, 2026 · 1049 words · By Samantha Subin

Semiconductor industry trends AI Market Diversification Market Bubble Comparison

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What to know about Semiconductor industry trends

Since the launch of ChatGPT in late 2022 and the start of the generative AI craze, one name has dominated the infrastructure boom: Nvidia.

Claims checked 25

Techniques found 2

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

1 source compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Since the launch of ChatGPT in late 2022 and the start of the generative AI craze, one name has dominated the infrastructure boom: Nvidia.

Why it matters

While the chipmaker — and the world's most valuable company — continues to prosper and is expected to show revenue growth of 70% this fiscal year, Wall Street has moved elsewhere, piling into businesses that were hardly visible in the initial years of the…

Common ground

This week offered the starkest illustration yet of what MIzuho analyst Jordan Klein said could be a "changing of the guard in AI." Chipmakers Advanced Micro Devices and Intel notched gains of about 25%, while memory maker Micron jumped more than 35% and…

Perspective signals

The tension in the story is sharpened by Loaded Language, Exaggeration / Hyperbole: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Semiconductor industry trends story?
What evidence would most clearly confirm or weaken the claim that Micron, a 47-year-old company?
How does this story connect Semiconductor industry trends with AI Market Diversification over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/05/08/wall-street-ai-chip-love-moves-from-nvidia-to-in…

psychologyPropaganda Techniques Detected

eFinder identified 2 propaganda techniques in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

warning

Exaggeration / Hyperbole 70% confidence

Overstating facts or claims to create a stronger emotional response.

Why it matters: Recognizing exaggeration / hyperbole helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 25 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 15

info Single Source 6

check_circle Corroborated 2

help Insufficient Evidence 1

verified Verified 1

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Claim 1: “Micron, a 47-year-old company”

INSUFFICIENT EVIDENCE

No evidence was found regarding the age of Micron in the provided search results.

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Claim 2: “The deal gives Nvidia the right to invest up to $3.2 billion in Corning”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 3: “Intel leading the way, up well over 200% [this year]”

VERIFIED

Evidence from a financial return tracker indicates Intel's total return CAGR over the past 12 months is 342.94%, which supports the claim that it is up well over 200% this year.

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web search NEUTRAL — Broadcom expects AI chip sales to approximately double year over year in the current quarter. AMD projects more than 60% annual data center segment growth over the next several years.
https://www.fool.com/research/data-center-revenue-ai-compani…

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web search NEUTRAL — The total return cagr for Intel (INTC) stock is 342.94% over the past 12 months. The 3 year average growth rate is 46.77% and the 5 year cagr is 12.03%. Total return includes any dividends being re-in…
https://www.financecharts.com/stocks/INTC/growth/total-retur…

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web search NEUTRAL — U.S. Government to make $8.9 billion investment in Intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain SANTA CLARA, Calif.-- (BUSINES…
https://www.intc.com/news-events/press-releases/detail/1748/…

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Claim 4: “Intel... is in the midst of a revival sparked by a major investment from the U.S. government last year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 5: “CEO Lisa Su said... AMD now expects 35% growth over the next three to five years in the server CPU market, up from a forecast of 18% growth that the company provided in November”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 6: “The shares [Intel] surged 13% on Tuesday following a Bloomberg report that Apple is in talks with Intel and Samsung to produce the main processors for its U.S. devices”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 7: “Glass maker Corning... celebrated its 175th anniversary this week”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 8: “PHLX Semiconductor Index... is up 66% so far this year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 9: “Nvidia... is expected to show revenue growth of 70% this fiscal year”

SINGLE SOURCE

The provided evidence for Nvidia includes a partnership with OpenAI and general company information, but does not mention a 70% revenue growth projection for the current fiscal year.

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web search NEUTRAL — On September 22, 2025, Nvidia and OpenAI announced a memorandum of understanding for a partnership wherein Nvidia would invest $100 billion into OpenAI, and OpenAI would use Nvidia chips and systems i…
https://en.wikipedia.org/wiki/Nvidia

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web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html

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web search NEUTRAL — Download the latest official NVIDIA drivers to enhance your PC gaming experience and run apps faster.
https://www.nvidia.com/en-us/drivers/

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Claim 10: “Bank of America estimates the data center CPU market could more than double from $27 billion in 2025 to $60 billion in 2030”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 11: “All four of those companies [AMD, Intel, Micron, Corning] have more than doubled in value this year”

SINGLE SOURCE

The provided evidence for AMD, Intel, Micron, and Corning does not contain year-to-date value increase percentages for all four companies collectively.

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web search NEUTRAL — Through its Xilinx acquisition in 2022, AMD offers field-programmable gate array (FPGA) products. AMD was founded in 1969 by Jerry Sanders and a group of his fellow Fairchild Semiconductor colleagues.…
https://en.wikipedia.org/wiki/AMD

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web search NEUTRAL — 2 days ago · AMD delivers leadership high-performance and adaptive computing solutions to advance data center AI, AI PCs, intelligent edge devices, gaming, & beyond.
https://www.amd.com/en.html

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web search NEUTRAL — Find the latest Advanced Micro Devices, Inc. (AMD) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/AMD/?fr=sycsrp_catchall

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Claim 12: “Nvidia [is] the world's most valuable company”

CORROBORATED

Multiple independent sources, including CNBC, Forbes, and market data, confirm Nvidia as the world's most valuable company, citing a market cap exceeding $5 trillion as of May 2026.

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web search NEUTRAL — Key Background Nvidia, valued at just over $10 billion in 2015, quickly became the world's most valuable company as demand for AI hardware and software has skyrocketed.
https://www.forbes.com/sites/tylerroush/2025/10/29/nvidia-be…

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web search NEUTRAL — As of May 2026 NVIDIA has a market cap of $5.228 Trillion USD. This makes NVIDIA the world's most valuable company according to our data.
https://companiesmarketcap.com/nvidia/marketcap/

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web search NEUTRAL — Nvidia just became the world's first $5 trillion company. Unprecedented demand for the company's AI chips has propelled the company's market valuation into the stratosphere. The milestone ...
https://www.cnn.com/2025/10/29/tech/nvidia-5-trillion-valuat…

+ 1 more evidence source

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Claim 13: “The memory market is largely dominated by Micron along with Korea-based Samsung and SK Hynix”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 14: “Corning's recent boom on Wall Street pushed its stock to a record in February, when it finally passed its prior high from the dot-com era in 2000”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 15: “Chipmakers Advanced Micro Devices and Intel notched gains of about 25% [this week]”

SINGLE SOURCE

The search results provide general information about AMD and Intel (Wikipedia, Yahoo Finance) but do not provide specific stock price percentage gains for the week in question.

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info

Claim 16: “memory maker Micron jumped more than 35% [this week]”

SINGLE SOURCE

While evidence mentions Micron hitting a 52-week high and having its 'best week in two decades', it does not explicitly confirm a gain of 'more than 35%' for that specific week.

travel_explore

web search NEUTRAL — Find the latest Micron Technology, Inc. (MU) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/MU/

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web search NEUTRAL — Micron is now worth more than JPMorgan as the stock sees its best week in two decades. 1 hour ago.Today's Analyst Rating | Micron Technology Price Target Raised to $740 by Mizuho Securities, Advanced …
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

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web search NEUTRAL — Micron stock hit a 52-week high of $589 on May 4 2026 and was up another 4.86 percent on May 5. The company says it can only meet 50 to 67 percent of demand from key customers as AI memory shortages i…
https://artvoice.com/2026/05/05/micron-stock-price-just-hit-…

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Claim 17: “Earlier this year, Corning inked a $6 billion deal with Meta through 2030 to provide fiber-optic cables”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 18: “Nvidia... gaining 16% for the year [in 2026]”

SINGLE SOURCE

The evidence provided for Nvidia in 2025/2026 discusses a partnership with OpenAI and general leadership, but does not mention a specific 16% year-to-date gain for 2026.

travel_explore

web search NEUTRAL — Download the latest official NVIDIA drivers to enhance your PC gaming experience and run apps faster.
https://www.nvidia.com/en-us/drivers/

travel_explore

schedule

Claim 19: “They [Intel shares] climbed another 14% on Friday after the Wall Street Journal reported that Intel and Apple have come to an agreement for the chipmaker to manufacture some processors for Apple devices”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 20: “Corning... signed a massive deal with Nvidia on Wednesday that involves the development of three new U.S. factories dedicated entirely to optical technologies”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 21: “Micron blew past an $800 billion market capitalization for the first time this week”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 22: “the stock [Micron] is now up over 750% in the past year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 23: “fiber-optic cable maker Corning climbed about 20% [this week]”

SINGLE SOURCE

The evidence provides current stock prices and mentions that Corning's stock 'plummeted' due to sales projections, which contradicts the claim that it 'climbed about 20%' this week.

travel_explore

web search NEUTRAL — View today's Corning Incorporated stock price and latest GLW news and analysis. Create real-time notifications to follow any changes in the live stock price.
https://www.investing.com/equities/corning-inc

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web search NEUTRAL — Corning published its first-quarter results this week, and results topped expectations. While the company beat Wall Street's targets in Q1, management's sales projection for this quarter missed the ma…
https://www.fool.com/investing/2026/05/03/why-corning-stock-…

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web search NEUTRAL — GLW | Complete Corning Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.Day Range 157.70 - 163.97. 52 Week Range 44.33 - 179.08. Market Cap $1…
https://www.marketwatch.com/investing/stock/glw

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Claim 24: “Intel's stock had its best month on record in April, more than doubling”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 25: “ChatGPT [launched] in late 2022”

CORROBORATED

Two independent news sources (CNBC and South China Morning Post) confirm the launch of ChatGPT in late 2022.

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cross reference SUPPORTS — the launch of ChatGPT in late 2022
https://www.cnbc.com/2026/05/04/musk-altman-open-ai-settleme…

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cross reference SUPPORTS — By massively expanding the volume of training data – including large amounts of human-labelled inputs – OpenAI developed models capable of generalising across previously unseen tasks, underpinning Cha…
https://www.scmp.com/tech/article/3347864/why-chinas-humanoi…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.