Nvidia nearly doubles AMD's R&D budget – Intel's spending dwarfs both, but struggles to compete
Nvidia's R&D budget surpasses AMD's; Intel spends more but lags in market value.
Nvidia's R&D expenditure has skyrocketed to double that of AMD, bolstering its market position through concentrated investment in AI technologies. This strategic focus has allowed Nvidia to leave behind its competition in the GPU sector, while AMD continues to diversify its efforts across GPUs, CPUs, and further technologies.
Intel, despite its massive R&D investment surpassing that of both Nvidia and AMD, struggles to convert this spending into market success. In 2023, Intel allocated $16 billion towards R&D, yet its market capitalization remains a fraction of AMD and Nvidia's, with slow growth anticipated between $17 billion and $20 billion in 2024.
Nvidia's meteoric rise in market valuation is unmatched, with its focus on AI technologies allowing it to compete with giants like Apple. While some foresee potential challenges for Nvidia if the AI sector slows, there are no current signs of decline, contrasting with Intel's broader array of less successful ventures.