Nvidia's Vera CPU Lands First Big AI Cloud Win as Modal Drops Intel-Only Setup
NVDA sits 31% above its 52-week low of $164.27 on light trading volume (0.2× avg).
Summary
Modal, a cloud startup that just raised $750M at a $15.75B valuation and expects $1B in sales over the next year, will start running Nvidia's Vera central processor for AI agent workloads. Until now Modal ran that work only on Intel and AMD chips, so this is the first real customer proof that Nvidia's CPU push is gaining traction in a market it values at roughly $200B. Modal says early tests doubled the amount of agent work completed, which is why it is making the software changes needed to support the chip. The win is not exclusive: Modal will run Vera alongside Intel and AMD in a mixed fleet and will test rivals' next-generation parts when they ship. Nvidia has told investors it expects at least $20B in Vera sales this fiscal year, and this deal adds a named customer alongside OpenAI, Anthropic, Oracle and Perplexity. The revenue is small next to Nvidia's data-center business, but it is an early read on whether the $200B CPU opportunity is real.
At the time of this announcement, NVDA was trading at $215.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.