BREAKING: Nvidia To Invest $5B In Intel Stock – Check Out The Details
Synopsis
Nvidia has agreed to purchase Intel shares at $23.28 per share, contingent upon customary regulatory approvals and closing conditions.
NVIDIA Corp. (NVDA) and Intel Corp. (INTC) announced on Thursday that they are collaborating to co-develop multiple lines of data center and PC technologies, aiming to advance AI, enterprise, and consumer applications.
Nvidia is making a significant show of commitment by investing $5 billion in Intel stock, agreeing to purchase shares at $23.28 apiece. The transaction remains contingent on customary regulatory approvals and closing conditions.
Get updates to this developing story <directly on Stocktwits<.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.