NVIDIA To Invest $5 Billion In Rival Intel
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Key PointsThis leading AI giant is still at the center of almost every major AI creator, and it's investing in new technology to stay there.The Magnificent Seven's biggest underperformer over the last five years could be poised for a huge rally.
Intel’s stock jumped more than 20% Thursday after it announced a $5 billion investment from Nvidia, along with plans to cooperate on new technology for data centers and PCs.
Nvidia has spent over $900 million to acquire Enfabrica talent and technology, strengthening its AI datacenter infrastructure amid fierce industry competition with Meta and Google.
A massive opportunity in edge AI applications could justify that valuation.
Lawyers from Skadden advised Intel Corp. in its sale of a $5 billion stake in the company to artificial intelligence chipmaker Nvidia.
China-based tech giant Huawei has revealed new artificial intelligence infrastructure meant to help boost compute power, and allow the company to compete with rival Nvidia
Hedge fund manager Ken Griffin continued to sell Tesla in the second quarter, but he bought a substantial position in Nvidia.
We had something very strange today, a story about how the Chinese government wants a full stop in buying NVIDIA’s artificial intelligence chips for some of the biggest clients.
Advanced Micro Devices ($AMD) stock came under pressure after Nvidia ($NVDA) said it would invest $5 billion in Intel ($INTC) and work with the
I've identified five companies that investors might want to consider before Palantir, and there's one glaring reason why any of this group of five stocks is a far better investment. Image source: . Palantir's stock has gotten ahead of itself Palantir's AI software has seen significant growth recently,