Nvidia Shares Dip 1.4% as Turing Adopts AMD GPUs, Meta Eyes AI Cloud
NVDA•Self-driving startup Turing secured undisclosed AMD investment and will deploy AMD GPUs for its autonomous AI training platform, prompting a 1.4% slide in Nvidia shares. Meta is exploring an AI cloud infrastructure to lease unused GPU capacity and AI models to enterprises, an initiative that could lift demand for Nvidia hardware.
1. Turing Secures AMD Backing
Self-driving startup Turing announced strategic backing from AMD in an undisclosed funding round and plans to integrate AMD GPUs into its autonomous vehicle AI training and simulation workflows. The move represents a shift away from Nvidia hardware and contributed to a 1.4% pullback in Nvidia shares as investors weigh competitive pressures in the self-driving segment.
2. Meta Explores AI Cloud Infrastructure
Meta is reportedly evaluating a new AI cloud business that would let enterprises access its pretrained AI models alongside unused GPU capacity drawn from its data centers. By monetizing idle hardware and software assets, the initiative could accelerate demand for Nvidia GPUs if Meta elects to power the service with Nvidia accelerators.
