Shares of Intel (INTC) are down $1.16, or 3%, to $33.76 after Reuters reported, citing sources, that Nvidia (NVDA) has begun designing central processing units, or CPUs, that would run Microsoft’s (MSFT) Windows operating system and use technology from Arm Holdings (ARM). Advanced Micro Devices (AMD) also plans to make chips for PCs with Arm technology, added the report, citing people familiar with the matter.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on INTC:
- Homebound Winners: Who will Benefit from the Reshoring Mega-Trend?
- Intel stock is under the microscope ahead of earnings; Here’s what to expect
- Intel’s (NASDAQ:INTC) Latest Italian Fab Stalled
- Intel price target raised to $38 from $37 at Susquehanna
- China’s AI Initiative and U.S. Export Curbs Shake Up Chip Stocks
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue