Nvidia’s $5 Billion Intel Bet Just Rewired The Semiconductor ETF Trade - Intel (NASDAQ:INTC), NVIDIA (NASDAQ:NVDA)

Nvidia Corp's (NASDAQ:NVDA) $5 billion purchase of Intel Corp (NASDAQ:INTC) shares may not have made a big splash in the stock market, but it has significant implications for semiconductor ETFs. This week, Nvidia revealed that it acquired over 214 million Intel shares in a private placement that was first announced in September. This deal recently received approval from U.S. antitrust regulators. Nvidia’s stock dipped slightly, while Intel's stock remained fairly stable. This suggests that investors are sti ...