Turing’s Adoption of AMD GPUs Sends Nvidia Shares Down 1.39%
NVDA•NVDA•NVDA•NVDA•Nvidia shares fell 1.39% after self-driving startup Turing adopted AMD GPUs supported by a new AMD investment. China’s IC design sector hit nearly CNY1 trillion (US$150 billion) in revenue by mid-2026 yet still trails Nvidia’s CUDA architecture.
Self-driving startup Turing secured an AMD investment and subsequently integrated AMD GPUs into its autonomous platform. This strategic move directly impacted Nvidia, contributing to a 1.39% decline in Nvidia’s share price as investors weighed competitive pressures.
China’s IC design industry accelerated ahead of expectations, nearing CNY1 trillion (approximately US$150 billion) in revenue by mid-2026. Rapid growth has been fueled by domestic demand for AI chips and government support initiatives.
Despite the surge in local chip design, Chinese firms remain behind Nvidia on CUDA performance and ecosystem control. Nvidia’s mature developer tools and optimized AI libraries continue to underpin its market dominance.
