Mistral AI vs 
NVIDIA
Verdict
- Mistral AI's flagship leads: Mistral Large 4 at 56.7 vs Nemotron 3 Ultra 550B A55B at 55.7.
- NVIDIA's fastest ranked model (Nemotron 3.5 Lightning, 288 tok/s) beats Mistral AI's (Ministral 3 3B, 207 tok/s).
- Mistral AI publishes more open-weights models (32 vs 20).
- Mistral AI ships more often: one model every 28 days against every 36.
Best model per price band
Each provider’s highest-index model below the price ceiling. Purple marks the winner of the band.
| Price band | Mistral AI | NVIDIA |
|---|---|---|
| Under $0.50/M | Mistral Small 4 thinking 45.6$0.262/M | Nemotron 3 Super 120B A12B thinking 50.6$0.450/M |
| Under $2/M | Mistral Medium 3.1 46.1$0.800/M | Nemotron 3 Ultra 550B A55B thinking 55.7$1.13/M |
| Under $10/M | Mistral Large 4 56.7$2.06/M | Nemotron 3 Ultra 550B A55B thinking 55.7$1.13/M |
| Any price | Mistral Large 4 56.7$2.06/M | Nemotron 3 Ultra 550B A55B thinking 55.7$1.13/M |
Line-up
| Metric | Mistral AI | NVIDIA |
|---|---|---|
| Flagship index | 56.7 | 55.7 |
| Ranked models | 31 | 16 |
| Open-weights models | 32 | 20 |
| Cheapest ranked, $/M | $0.058 | $0.070 |
| Fastest ranked, tok/s | 207 | 288 |
| Release cadence, days | 28 | 36 |
| Last release | 6 Oct 2026 | 23 Oct 2026 |
| Next expected | 22 Oct 2026 – 14 Nov 2026 | 13 Nov 2026 – 12 Dec 2026 |
Data as of 25 Oct 2026. See Mistral AI and NVIDIA in full.