Agentic AI, Dell partnership & Vera CPU momentum
Key Questions
What are the revenue targets and performance claims for NVIDIA's Vera CPU?
Vera CPU targets $20B revenue in 2026 with a $200B TAM and is 1.8x faster than x86. Key customers include NYSE, Anthropic, and OpenAI, with Dell and Lenovo shipments starting fall 2026.
How does Dell's partnership support NVIDIA's Vera and Rubin products?
Dell is shipping the PowerEdge XE8812 with Vera Rubin NVL4 featuring 144 GPUs per rack. This reinforces system-level momentum alongside Meta's expanded NVIDIA deal including Vera CPUs.
What competitive threats does Vera CPU face?
Qualcomm's Dragonfly C1000 and $3.92B Modular acquisition pose direct challenges, while AMD EPYC Venice is projected to lead in volume. Serpent Lake collaboration with Intel is set for Q1 2028.
Vera CPU $20B 2026 revenue target, $200B TAM, 1.8x faster than x86. Customers NYSE, Anthropic, OpenAI. Dell/Lenovo ship fall 2026. Qualcomm Dragonfly C1000 CPU and $3.92B Modular acquisition as direct threats. Serpent Lake collaboration with Intel confirmed for Q1 2028, blending x86 CPUs with NVIDIA RTX GPU tiles. Dell PowerEdge XE8812 with Vera Rubin NVL4 (144 GPUs/rack). Jensen says next CPU boom is for AI agents. Morgan Stanley projects AMD EPYC Venice (Zen 6, 2nm) hitting 6.75M units in 2027 vs Vera at 5.75M—a 17% volume lead, challenging Vera's dominance. Meta's expanded deal includes Vera CPUs for 2027, further validating Vera momentum. TrendForce rack/POD shift reinforces system-level moat.