Dan Ives Says He'd Own NVDA Over INTC Every Day: 'There's Only One Godfather Of AI, And That's Jensen'

Dan Ives, Global Head of Tech Research at Wedbush, stated on Monday that he would rather own Nvidia Corp. (NVDA) stock than Intel Corp. (INTC) every day.

During an interview with CNBC, Ives explained that his preference for Nvidia over Intel is based on Nvidia’s dominance in the artificial intelligence (AI) sector.

“There’s only one godfather of AI, and that’s Jensen. Everything starts… the hearts and the lungs of AI… is Nvidia,” Ives said.

Ives’ comments come amid a massive rally in the INTC stock, which has surged nearly 112% over the past month. At the time of writing, Intel shares were up nearly 6%, after closing about 14% higher on reports that the company has reached a preliminary agreement with Apple Inc. (AAPL) to make chips for some of the iPhone-maker’s products.

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