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Nvidia is reportedly developing an Arm-based CPU for the PC market, which has caused Intel's stock to stumble. This move by Nvidia is seen as a challenge to Intel's stronghold in the personal computer market. Additionally, Qualcomm's upcoming Snapdragon 8 smartphone chip is expected to offer on-device AI capabilities, providing a more personalized and private alternative for content creators. Both Nvidia and AMD are also said to be planning to launch Arm-based CPUs in the near future.