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Intel down 3% after report says Nvidia plans to make PC CPUs

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.

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