Nvidia Pumps $5B Into Intel, Sparking Chip Stocks Rally
Nvidia is making a surprising $5 billion bet on Intel, buying shares at $23.28 apiece, according to the official announcement. The deal pairs Nvidia’s AI-dominant GPUs with Intel’s general-purpose chips to create new PC and data center solutions. It follows the U.S. government’s 10% stake in Intel, a push to boost domestic chipmaking. Nvidia CEO…