Nvidia Lands Perplexity Vera Deal as Shares Fall 1.45% to $194.36

On July 8, Nvidia secured another early win as Perplexity confirmed it will deploy the Vera CPU for AI-agent coding workloads, yet the stock fell 1.45% in premarket trading. The announcement builds on July 7 reports of Perplexity’s plans and prior commitments from OpenAI, Anthropic, and Oracle. Nvidia projects $20 billion in Vera revenue this fiscal year and a $200 billion long-term opportunity, with Perplexity reporting 1.5x faster performance than traditional CPUs. The development intensifies pressure on Intel and AMD in the server CPU market while highlighting investor caution over Nvidia’s diversification beyond GPUs.