Nvidia, Arm to develop chips based on Arm technology: report

Shares of Nvidia Corp.
NVDA,
+3.84%
jumped more than 3% Monday following a report the company is developing computer chips that would use technology from Arm Holdings
ARM,
+4.89%.
The central processing units would run the Microsoft
MSFT,
+0.81%
Windows operating system and could be available as early as 2025, according to a Reuters report, citing people familiar with the matter. Advanced Micro Devices Inc.
AMD,
-1.77%
is also planning to develop chips for personal computers using Arm technology. Nvidia declined comment on the Reuters report. Arm’s stock was up nearly 5% in trading Monday.