Nvidia's Vera CPUs Land Perplexity Deal, Shares Decline
NVDA sits 23% above its 52-week low of $157.342.
Summary
NVIDIA secured a deal for its Vera CPUs with AI startup Perplexity, which will use them for AI agent coding tasks, citing 1.5x faster performance. This marks a strategic win for NVIDIA's push into the CPU market, which it projects could generate $20 billion in revenue this year. Despite this positive product adoption news, NVIDIA shares are falling in premarket, and the article highlights ongoing competition from Intel and AMD. The market will be watching for further customer wins and the overall uptake of Vera CPUs.
At the time of this announcement, NVDA was trading at $194.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.8T. The 52-week trading range was $157.34 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.