Self-Driving Startup Turing Ditches NVIDIA for AMD GPUs, AMD Stock Up 4.3%
NVDA•Turing, a self-driving startup, raised undisclosed capital from AMD and will integrate AMD GPUs into its development platform, moving away from NVIDIA hardware. NVIDIA’s shares dipped 1.39% on July 5 as AMD’s stock jumped 4.26% on the news, highlighting heightened competition in AI accelerators.
1. AMD Backs Turing and GPU Shift
Turing announced a strategic investment from AMD on July 5 and confirmed plans to adopt AMD GPUs across its autonomous vehicle development platform, marking a clear move away from its previous reliance on NVIDIA hardware.
2. NVIDIA Shares Dip on Competitive Pressure
In response to the announcement, NVIDIA’s stock fell 1.39% while AMD’s rose 4.26%, reflecting investor concern that Turing’s switch could erode NVIDIA’s share in AI accelerator orders and intensify market competition.
