StocksMedium•19 October 2026•
1 min read
Nvidia Secures CPU Contracts with AI Startup Modal, Displacing Intel and AMD
Key Facts
1Nvidia secured contracts to provide central processing units (CPUs) to AI startup Modal.
2Nvidia's win comes at the expense of traditional competitors Intel and AMD.
Nvidia secured contracts to provide central processing units (CPUs) to the AI startup Modal. Investing.com reported that Nvidia's win comes at the expense of traditional competitors Intel and AMD as the company expands its footprint into the CPU market.
NVDA closed at $214.13 on October 16, 2026, while peer AMD closed at $528.75 on the same date. Other industry participants INTC and TSM closed at $89.85 and $412.61 respectively on October 16, 2026.