Nvidia invests in Intel

Hanno Labuschagne

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Nvidia invests in Intel

Nvidia agreed to invest $5 billion (R86.82 billion) in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.

Nvidia will buy Intel common stock at $23.28 per share, the two companies said on Thursday.

[Bloomberg]
 
This is a plot twist I never saw happening how can Intel be doing so badly?
 
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