Nvidia buys $5 billion stake in Intel, shares jump 30% on revival hopes
Nvidia said on Thursday it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker just weeks after the White House engineered an extraordinary deal for the U.S. government to take a massive stake in the company.
The stake instantly will make Nvidia one of Intel’s largest shareholders, giving it roughly 4% or more of the company after new shares are issued to complete the deal.
