Nvidia Buys $5B Intel Shares, Boosts Chip Giant

Nvidias $5 billion investment in Intel, through a private placement of over 214 million shares, marks a significant financial boost for the struggling chip giant. This deal, first announced in September, was cleared by U.S. antitrust regulators, paving the way for Nvidias stake in Intel. Despite a slight dip in Nvidias stock price, investors are keeping a close eye on this development, which could potentially reshape the semiconductor industry. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.