Nvidia to Make Server Processor, Targets Intel Profit Center
- New Arm-based server CPUs pitched to big cloud companies
- Nvidia says first-quarter sales to exceed its forecast range
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Nvidia Corp. unveiled its first server microprocessors, extending a push into Intel Corp.’s most lucrative market with a chip aimed at handling the most complicated computing work. Intel shares fell about 4% and Nvidia jumped on the news.
Nvidia’s stock rallied further, to a gain of about 6%, after the company said first-quarter revenue “is tracking” above its previous forecast.