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Intel Stock Rises After Nvidia Announces $5 Billion Investment
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Economy Watch
Intel Stock Rises After Nvidia Announces $5 Billion InvestmentPlease note that we are not authorised to provide any investment advice.
Intel stock (NYSE: INTC) is trading higher today after Nvidia announced a $5 billion investment in the company.
Intel is a crucial piece for US manufacturing, especially as demand for AI chips skyrockets amid the AI pivot.
That said, the agreement between Nvidia and Intel does not seem to be for manufacturing advanced AI chips for the former.
Apple, too, stopped using Intel chips for its Mac and instead pivoted to its own chips.
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