Reported about 2 hours ago
Intel's stock soared by approximately 23% following Nvidia's announcement of a $5 billion investment in the struggling chipmaker, which represents a 4% stake in the company. The partnership aims to develop custom data center and PC products using Nvidia's AI technology and Intel's CPU architecture. This investment, which awaits regulatory approval, is part of a larger trend of significant outside investments in Intel, highlighting its crucial role in the US semiconductor industry amid rising competitive pressures.
Source: YAHOO