StocksMediumUpdated•Originally published 19 October 2026•Updated 19 October 2026•
1 min read
Nvidia Displaces AMD and Intel in Modal CPU Contract Win
Key Facts
1Nvidia has selected the fast-growing AI startup Modal to work on its new central processors.
Nvidia has won central processing unit (CPU) business from the AI startup Modal, displacing competitors AMD and Intel who previously held exclusivity over these contracts. Reuters reported that the partnership aims to integrate Modal's technology into Nvidia's CPUs to enhance performance and hardware development.
This shift in the competitive landscape follows a session where NVDA closed at $214.13 on October 16, 2026. On the same date, peer stocks showed AMD closing at $528.75, INTC at $89.85, and TSM at $412.61.