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Nvidia Invests $5 Billion in Intel
Nvidia announced a $5 billion investment in Intel on Thursday, with shares priced at $23.28. This partnership aims to develop products across data centers and PCs, leveraging Nvidia’s NVLink for architecture connectivity and AI capabilities. Intel plans to create custom x86 CPUs for Nvidia’s AI infrastructure.
The investment comes shortly after the U.S. government announced an $8.9 billion investment in Intel, signaling a crucial lifeline for the struggling chip manufacturer, which has reported flat revenue growth recently. Following the news, Intel’s stock surged 23%, while Nvidia gained 4%.
This collaboration is viewed as a strategic win for both firms, especially for Intel, which has been lagging in the AI sector and sees this partnership as a potential turnaround point in its performance.
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