NasdaqGS:INTCSemiconductor
Nvidia’s US$5b Bet Tests Intel’s AI Turnaround And Foundry Ambitions
Nvidia is investing $5 billion in Intel and taking roughly a 4% stake in the company.
The two companies plan to collaborate on manufacturing custom CPUs and AI products using Intel’s foundry services.
The move aligns with Intel’s turnaround efforts under CEO Lip-Bu Tan and new GPU leadership.
Intel (NasdaqGS: INTC) is trading around $45.46, with the share price up 15.4% year to date and 76.7% over the past year, despite a 5.9% decline over the last week and a 3.2% decline over the past...