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via finance.yahoo.comTech & AI

Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Nvidia Corp has secured central processor chip business from Modal, an AI cloud-computing startup that previously used only Intel and AMD processors, marking progress in Nvidia's effort to enter a market dominated by those two companies. Still guessing which…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAn Nvidia CPU win for AI workloads could shift share away from AMD and Intel.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Modal will use Nvidia's new Vera CPU to host AI agents.
  2. 02The startup had used only Intel and AMD chips until now.
  3. 03Modal raised $750 million at a $15.75 billion valuation.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock219.08 USD+0.59%today +2.31%Positive Advanced Micro Devices, Inc.AMDStock548.22 USD-0.32%today +3.68%Negative Intel Corp.INTCStock94.33 USD+0.46%today +4.99%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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