NVIDIA Corporation (NASDAQ:NVDA) has quietly started designing central processing units (CPUs), in a move that fires a shot across the bow at Intel Corporation (NASDAQ:INTC), according to reporting from Reuters.
The CPUs would run Microsoft Corporation (NASDAQ:MSFT) Windows and use technology developed by Arm Holdings, the report said, citing people familiar with the matter.
The move is linked to Microsoft’s larger plan to help semiconductor companies build Arm-based processors for Windows PCs. While Nvidia comes after Intel, Microsoft is chasing Apple Inc (NASDAQ:AAPL), which has released its own Arm-based chips for its Mac computers.
Meanwhile, Okta Inc (NASDAQ:OKTA) extended Friday’s falls after the firm said attackers accessed files containing cookies and session tokens uploaded by customers to its support-management system.
After falling 11% on Friday, Okta shares tumbled another 8% on Monday after the identity and access management company said it had identified "adversarial activity that leveraged access to a stolen credential to access Okta's support case-management system."
All told, the two days of losses erased more than $2 billion of Okta's market cap.
Elsewhere, the United Auto Workers (UAW) union is expanding its strike against Stellantis NV (NYSE:STLA, EPA:STLA) with the addition of its Sterling Heights Assembly Plant in suburban Detroit, the union announced Monday.
The facility employs about 6,800 workers and produces Ram 1500 full-size pickup trucks.
The decision comes as the union slammed Stellantis for lagging behind fellow Detroit automakers Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) in terms of its offer to union workers.