AI leader Nvidia is reportedly looking to leverage technology from Arm Holdings to make chips for the PC market in what could be a major challenge to Intel.
shares extended gains in pre-market trading following reports that the AI-leading tech group is looking to take on Intel INTC in the market for personal computing chips.
Reuters reported that both companies could begin selling the chips as early as 2025 in what would amount to a major challenge to Intel's fading market dominance, which was hit by Microsoft's decision to start using Qualcomm Nvidia shares, which closed 3.84% higher on Monday, were marked 1.236% higher in pre-market trading to indicate a Tuesday opening bell price of $435.58 each. Intel, meanwhile, was marked 0.05% lower while AMD gained 0.84%.
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Nvidia, Arm to develop chips based on Arm technology: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
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