Intel (INTC) Draws Strategic Nvidia Investment as Chip Testing Plans Shift

Intel Corporation (NASDAQ:INTC) is one of the Best AI Stocks to Buy under $50. On December 29, Reuters reported that Nvidia has purchased Intel shares worth $5 billion, carrying out a transaction ‌announced in September. The AI chipmaker had announced back then that it would pay $23.28 per share for Intel ⁠common stock, buying over 214.7 million Intel shares at the price set out in the agreement, as per Monday's filing. The deal forms part of a broader strategic agreement to co-develop chips for data cent ...