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Intel Stock Surges 28% on Nvidia’s $5B Strategic Investment
Intel Stock Surges 28% on Nvidia’s $5B Strategic Investment
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BTCCSquare news:
Intel shares skyrocketed in pre-market trading following Nvidia's landmark $5 billion equity investment. The deal prices INTC shares at $23.28 and establishes a partnership to co-develop next-generation chips for data centers and PCs.
The injection comes as Intel seeks to regain footing in the AI hardware race, where Nvidia currently dominates. Market analysts anticipate rating upgrades as the collaboration addresses Intel's persistent innovation challenges.
While semiconductor stocks rally, cryptocurrency markets remain focused on Bitcoin's halving cycle. The chipmaking alliance could indirectly benefit crypto mining hardware development, though no direct blockchain implications were announced.
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