Nvidia agreed to invest 5 billion dollars in Intel, and said the two companies will work together to design computers and develop chips.
Intel shares surged as much as 30 percent on that news to 30.70 dollars, and Nvidia’s shares gained nearly four percent.
The new funds for intel follow the U.S. Government’s decision in August to take a roughly 10 percent stake in the company.
#nvidia #intel #wion
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