Nvidia to invest $5 billion in Intel to develop data centers and personal computers
Source: CoinWorld
Time: 2025-09-18 21:58:38
Nvidia will invest $5 billion in Intel to acquire its shares at $23.28 per share, a 6.5% discount from Wednesday’s closing price to collaborate on developing customized data centers and PC products amid the growing popularity of artificial intelligence. Intel shares soared 24% on Thursday, with market cap rising to $143 billion, while Nvidia, which had a market cap of $4.23 trillion, rose 1.85%. The U.S. government recently spent $8.9 billion to acquire a 10% stake in Intel to support the domestic chip manufacturing industry.