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Intel Soars 23% on Nvidia’s $5B Investment and Chip Partnership
Intel Soars 23% on Nvidia’s $5B Investment and Chip Partnership
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BTCCSquare news:
Intel shares surged over 23% Thursday after Nvidia announced a $5 billion investment and strategic partnership to co-develop chips for desktop and data center markets. The deal eclipses SoftBank's recent $2 billion investment but trails the U.S. government's 10% stake acquisition.
Nvidia's MOVE aligns with its broader $14 billion U.S. infrastructure push into AI and data centers. "We cannot be dependent on the rest of the world for chips," the partnership signals a consolidation of domestic semiconductor capabilities. The collaboration pits former rivals against common challenges in an increasingly competitive global chip market.
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