NVIDIA brings AI processing to desktop with new PC chip
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Arm stock was rising sharply as Nvidia's new chip as a sign it could gain market share.
Shares of Nvidia NVDA were surging on Monday morning in contrast to the broader market. The stock was soaring around 4% as the broader indices were under pressure in early trading.
Nvidia unveiled its Arm-based RTX Spark AI computing platform and several Wall Street firms raised price targets.
Nvidia’s new RTX Spark PC chip uses Arm technology.
Qualcomm (QCOM) stock plunged up to 10% after Nvidia unveiled RTX Spark, a Windows on Arm chip competing directly with Snapdragon X Elite processors.
Nvidia unveiled a new chip designed to bring AI capabilities directly into personal computers (PCs) on Monday, sending semiconductor and technology stocks moving in opposite directions.
Nvidia’s RTX Spark PC chip (built with MediaTek using Arm-based SoC tech) is a direct validation that Arm wins in the next AI-compute battleground: on-device AI PCs. This expands Arm’s addressable market beyond phones/cloud into Windows laptops/desktops,