‘Game changer Nvidia deal’ for Intel sends shares soaring
NEW YORK: Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its struggling rival.
The investment represents a significant commitment to Intel’s turnaround efforts.
Nvidia joins Japanese investment giant SoftBank and the US government in backing the once-dominant chipmaker, which has fallen behind in recent years after missing key technology shifts.
