Companies

Shares of Intel Increase 30 Percent on $5 Billion Nvidia Investment

‘NVIDIA is to Intel what MSFT was to Apple in 1997,’ said one market analyst about the new deal.
Shares of Intel Increase 30 Percent on $5 Billion Nvidia Investment
The Intel logo is displayed on a sign in front of the Intel headquarters in Santa Clara, Calif. Justin Sullivan/Getty Images
Andrew Moran
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Shares of Intel increased by about 30 percent at the opening bell after Nvidia announced a $5 billion investment in the struggling chipmaker on Sept. 18, marking another round of capital injection for the tech firm.

The strategic partnership will see the two tech giants co-develop next-generation data centers and personal computing chips.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."