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509 Nvidia to Buy $5 Billion of Intel Stock as Part of Chip Collaboration

The Information
Martin Peers @ The Information · today 11:53 EDT

Nvidia to Buy $5 Billion of Intel Stock as Part of Chip Collaboration

Nvidia is to invest $5 billion in Intel stock as part of a partnership between the two companies in which Intel will build Nvidia-custom designed CPU chips for integrate in Nvidia’s AI technology, the companies said on Thursday. The news sent Intel’s stock soaring 29%. The deal strengthens the ...

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