Hi Harry,
I'd argue that NVDA has already established itself as the 'new' intel. It has already surpassed Intel in terms of market cap ($312B vs $209B) and is widely considered one of the best in the business.
It has also crushed INtel in terms of returns, with gains of 136% vs 23% over the past three years and 1535% vs 76% over the past five years. The company is also likely to continue its outperformance as it has higher than expected growth rates. Revenue and earnings are expected to growth by 20% annually. For its part, Intel's revenue and earnings are only expected to grow in the low single digits.
Worth noting, NVDA is trading near all time highs and INTC is MUCH cheaper than NVDA right now. Likely because NVDA is expected to growth at a faster rate. However, it is also more susceptible to a general pullback in high flying growth stocks.
All things considered however, IMO NVDA is already a 'new' INTC and it is likely to continue outperforming its peers.
Mat