๐ข ๐๐จ๐ฆ๐ง ๐๐ก: NVIDIA Wins Modal AI CPU Deal, Challenging Intel and AMD With Vera Chips - $NVIDIA(NVDA.US) $AMD(AMD.US) $Intel(INTC.US)
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐ก๐ฉ๐๐๐๐ secures its first CPU deal with AI cloud startup ๐ ๐ผ๐ฑ๐ฎ๐น.โค Modal will deploy ๐ก๐ฉ๐๐๐๐ ๐ฉ๐ฒ๐ฟ๐ฎ ๐๐ฃ๐จ๐ for AI agent workloads.โค Modal previously relied exclusively on ๐๐ป๐๐ฒ๐น and ๐๐ ๐ processors.โค Early testing showed Vera delivered ๐ฎ๐ ๐๐ ๐ฎ๐ด๐ฒ๐ป๐ ๐๐ผ๐ฟ๐ธ ๐ฐ๐ฎ๐ฝ๐ฎ๐ฐ๐ถ๐๐.โค Modal recently raised $๐ณ๐ฑ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป at a $๐ญ๐ฑ.๐ณ๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป valuation.โค Modal expects to reach $๐ญ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป in sales over the next year.โค Modal's service usage tripled, while revenue surged over ๐ญ๐ฑ๐ ๐๐ฒ๐ฎ๐ฟ-๐ผ๐๐ฒ๐ฟ-๐๐ฒ๐ฎ๐ฟ.โค NVIDIA projects at least $๐ฎ๐ฌ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป in Vera revenue this fiscal year.โค NVIDIA targets an estimated $๐ฎ๐ฌ๐ฌ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป CPU market opportunity.โค ๐ข๐ฝ๐ฒ๐ป๐๐, ๐๐ป๐๐ต๐ฟ๐ผ๐ฝ๐ถ๐ฐ, ๐ข๐ฟ๐ฎ๐ฐ๐น๐ฒ, and ๐ฃ๐ฒ๐ฟ๐ฝ๐น๐ฒ๐ ๐ถ๐๐ also plan Vera adoption.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค Signals NVIDIA's expansion beyond ๐๐ฃ๐จ๐ into Intel and AMD's CPU market.โค Vera's reported ๐ฎ๐ ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ could accelerate adoption for AI agents.โค Creates a potential $๐ฎ๐ฌ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ opportunity for NVIDIA this fiscal year.โค Increasing CPU competition could pressure ๐๐ป๐๐ฒ๐น and ๐๐ ๐ in AI infrastructure.โค Modal's multivendor strategy preserves competition as newer ๐๐ ๐ and ๐๐ป๐๐ฒ๐น chips emerge.
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