I feel the big beneficiaries of this shocking announcement will be Nvidia, AMD, SMCI, TSMC and further on ARM and other AI chip second liners Whether this AI strategy works (highly likely if plan executed well) or not, these providers will get the upfront orders.

After last 2 days of indiscriminate sell-off, it is perfect time to load up on quality chip manufacturers. 

But not in Intel as they have shown that they have gone the IBM route. Lost the game completely when they were once the dominant player.

And certainly not Tesla as whatever Elon Musk says, they are a car company which is also going the way of IBM. Losing out to new and more efficient players.