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Intel Stock Soars After Nvidia Investment
Intel (NASDAQ: INTC) saw its stock price increase by over 22% on Thursday following a $5 billion investment from Nvidia (NASDAQ: NVDA). This investment is part of a technological collaboration aimed at boosting AI applications in data centers and personal computing. Nvidia acquired Intel shares at $23.28 each, below the share price before the announcement.
The news triggered positive movements across the semiconductor sector, with equipment suppliers ASML (NASDAQ: ASML), Applied Materials (NASDAQ: AMAT), and Lam Research (NASDAQ: LRCX) also seeing gains. This highlights a growing demand for semiconductor manufacturing as companies scale up infrastructures to meet surging AI demands.
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