Been seeing a lot of hype around Intel lately, especially after that Nvidia partnership deal dropped. But here's the thing – I think people are getting way too excited about Intel's comeback story.

Yeah, Intel's stock has absolutely ripped since the announcement, up over 100% in a few months. And sure, Nvidia putting $5B into Intel and embedding CPUs into their systems sounds solid on paper. The problem? Intel's valuation has gotten completely out of hand. Trading at 100x forward earnings while Nvidia sits at 24x. That's not a bargain anymore – that's a bet on a miracle.

Look at the actual growth numbers. Wall Street's expecting Intel to barely grow – 2% next year, maybe 8% the year after. Nvidia? 52% growth projected for fiscal 2027. There's literally no comparison.

And here's what a lot of people miss about AI infrastructure: it's not really a CPU game. GPUs do the heavy lifting in data centers because they can handle thousands of calculations simultaneously. CPUs are still needed to direct workflows, but you need way fewer of them. So even if Intel pulls off this turnaround, Nvidia's footprint in AI computing is going to remain dominant. That's just the architecture of the market.

The real story here is about which company will benefit most from the AI buildout. We're still years away from knowing if generative AI becomes as transformative as everyone hopes, but to get there, hyperscalers are committing to trillions in infrastructure spending. Whoever controls the compute layer controls that opportunity. And right now, that's clearly Nvidia.

I want Intel to succeed – it's good for competition. But from an investment standpoint? I'm not chasing a turnaround story when I can own the company that's already winning the race for the world's first trillionaire-level AI infrastructure market. Nvidia's the safer, smarter move here.