NVIDIA's stock is climbing, propelled by strong revenue and earnings from the AI tech sector.

Intel's new Gaudi2 AI chip challenges NVIDIA's lead, offering superior performance and energy efficiency.

The Gaudi2 is specifically expected to outdo NVIDIA's H100 chip in AI inference tasks.

Intel's competitive move indicates a heating up of the AI chip market, with major implications for the tech industry.

Despite these industry advancements, the broader market faces volatility and the risk of a potential correction.