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Nvidia Bets Big on Intel With $5 Billion Stake and Chip Partnership

Nvidia is investing $5 billion in chipmaker Intel to acquire roughly four percent stake in the struggling company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off, and it sent shares soaring 30 percent in premarket action.Nvidia is investing $5 billion in chipmaker Intel to acquire roughly four percent stake in the struggling company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off, and it sent shares soaring 30 percent in premarket action.

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