Nvidia Just Officially Bought $5 Billion Worth of Intel Stock. Should You Buy INTC Too?

Nvidia (NVDA) has completed its $5 billion equity investment in Intel (INTC), the semiconductor giant confirmed in a filing on Monday. The announcement finalizes a deal first announced in September that positions the world's most valuable company as a roughly 4% stakeholder in its struggling rival. The AI chip leader purchased over 214.7 million Intel shares at $23.28 apiece in a private placement, a price that now sits 36% below Intel's recent trading levels, according to the filing. More News from Bar ...