Intel Gains Momentum with Nvidia Investment

about 1 month ago

Bloomberg Cross Asset Reporter Isabel Lee

"The stock is up more than 20% this week, so optimism was just really everywhere after Nvidia agreed to invest around $5 billion in Intel. And Intel said it will use Nvidia's graphics technology in upcoming PC chips and provide processors for data centers."

Intel has experienced a significant rally, up over 20% amid a surprising $5 billion investment merger-like deal with Nvidia. This partnership is expected to boost Intel in reaching untapped market segments, particularly in PC and data center chips. While not an explicit trade call, the strategic alliance serves as a strong bullish catalyst for Intel.

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