Intel Stock Surges to $30 on Nvidia’s $10B Investment
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BTCCSquare news:
Intel's stock (INTC) breached the $30 threshold Tuesday after Nvidia disclosed a $10 billion investment in the semiconductor giant. The collaboration aims to bridge NVIDIA and Intel architectures via NVIDIA NVLink, merging NVIDIA's AI prowess with Intel's CPU dominance. Nvidia's stake equates to roughly 4% of Intel, amplifying recent external investments to $16 billion.
The U.S. government's earlier 10% stake in Intel—following abandoned talks to divest its manufacturing arm to TSMC—adds layers to the narrative. "Intel’s x86 architecture remains the backbone of modern computing," CEO Lip-Bu Tan noted, emphasizing how Intel’s manufacturing scale and NVIDIA’s AI leadership could redefine industry benchmarks.
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