Key Points
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Nvidia anticipates $20 billion in CPU revenue for 2023, primarily from its Vera CPU.
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The Vera architecture is licensed from Arm Holdings.
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Demand for agentic AI has contributed to a rise in CPU demand, boosting Arm’s stock.
Nvidia’s earnings report on [date] revealed an expected $20 billion in 2023 CPU revenue, largely driven by its Vera CPU, which operates on Arm’s architecture. The announcement significantly impacted Arm Holdings (NASDAQ: ARM), driving its stock up by 8.6% as of 10:47 a.m. ET.
Nvidia’s Vera CPU, which integrates custom Arm cores, is projected to tap into a $200 billion market. With increased royalty revenue anticipated from this partnership, Arm has noted that its data center revenue has more than doubled and could surpass smartphone revenue soon.
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