Intel Corp (NASDAQ:INTC) shares dropped over 5% Monday morning after Jensen Huang unveiled a new chip that pushes Nvidia Corp (NASDAQ:NVDA) directly into the PC market.

The RTX Spark Superchip combines the CPU and graphics processor on a single piece of silicon, a system-on-a-chip approach that mimics the strategy Apple Inc (NASDAQ:AAPL) used to upend its own MacBook line.

Sharing one pool of memory means data no longer has to shuttle back and forth between separate Intel and Nvidia parts, which may translate into faster performance and lower power draw.

The chip also uses ARM architecture co-designed with MediaTek, the same lean instruction set found in smartphones. That could give Windows laptops a shot at MacBook-level battery life for the first time.

Polymarket Traders Back The Nvidia Trade

A Polymarket contract on the world’s most valuable company at year-end currently gives Nvidia roughly 68% odds, up 4% over the weekend. Alphabet Inc (NASDAQ:GOOGL) is in second at 17%, and Apple in third with 10%.

Polymarket traders think there is a 68% chance that NVDA hits $232 this month. The stock is currently trading at $219.

Nvidia passed the $5 trillion market cap milestone late last year, and the Spark launch may give bulls a fresh narrative for holding that crown. The company’s most recent quarterly revenue roughly matched the combined annual sales of Intel and Advanced Micro Devices (NASDAQ:AMD).

Arm Holdings Climbs

Arm Holdings (NASDAQ:ARM), whose architecture underpins Spark, soared more than 10% this morning.

Jim Cramer called Spark ‘obviously additive’ for Arm.

Nvidia says Spark can run 120-billion-parameter models locally, with an “OpenShell” runtime designed to let agentic AI tools access files and apps inside hard security walls. Adobe is reportedly rewriting Photoshop’s rendering engine to run natively on the new silicon.

For traders, the cleanest read may be the relative move: Nvidia stretching its AI lead while Intel’s turnaround narrative takes another hit.

"Nvidia has really become an infrastructure company," Huang said.

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