券商中国·2025-12-24 15:11Core Viewpoint - Intel faces significant challenges as its stock price drops following Nvidia's suspension of testing on Intel's 18A process technology, despite a recent $5 billion investment from Nvidia and a $8.9 billion investment from the U.S. government [1][2][3][4]. Group 1: Stock Performance and Market Reaction - Intel's stock price fell over 5% in pre-market trading after reports of Nvidia halting tests on Intel's 18A manufacturing process, reaching a low of $34.44 per share [2]. - Despite the approval of Nvidia's $5 billion strategic investment by the FTC, Intel's stock did not see a positive reaction [1][4]. Group 2: Strategic Investments and Partnerships - The U.S. government plans to invest $8.9 billion in Intel, acquiring a 9.9% stake, funded by previously allocated subsidies under the CHIPS and Science Act [3]. - Nvidia's investment of $5 billion will allow it to acquire nearly 4% of Intel's shares, with the deal aimed at developing PC and data center chips [4][5]. Group 3: Competitive Landscape and Challenges - Intel is losing market share and technological edge, particularly in the AI sector where it trails Nvidia, and in the CPU market where it faces competition from AMD [2][5]. - The collaboration between Intel and Nvidia is seen as a potential turning point for Intel, providing not just financial support but also a chance for technological revival through joint development of advanced chips [5].