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This evening, NVIDIA made a blockbuster announcement: it is investing $5 billion in Intel. The investment involves purchasing Intel's common stock at a price of $23.28 per share, a figure that is marginally lower than Intel's closing price of $24.90 per share on Wednesday.
The primary objective of this investment is to infuse much - needed capital into Intel, which has been facing difficulties. However, it's important to note that this investment does not come with crucial manufacturing orders for Intel.
The two tech giants plan to collaborate closely on chip development for personal computers and data centers. Specifically, Intel will incorporate NVIDIA's advanced graphics technology into its PC chips. In return, Intel will offer processor support for NVIDIA's data center products, creating a mutually beneficial partnership that leverages the strengths of both companies.
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