Nvidia (NVDA)The world’s largest public company by Market Cap, said it invests $ 5 billion in Intel (INTC) And cooperate with the chipmaker in developing custom data-center and PC products because artificial intelligence becomes more widespread.
The manufacturer of Santa Clara, California based in California of graphic processing units (GPU) That underpin AI computing will buy its neighbor’s shares at $ 23.28 each, 6.5% less than Wednesday’s Wednesday’s price closing of $ 24.90, According to an announcement on Thursday.
While Nvidia is known for its GPU production, Intel is leading the development of microprocessors and entered into public awareness as provider of central processing units (CPUs) That is what led to IBM’s compatible microcomputers. Its fate refused as AI, with intensive computing requirements, were rooted.
Intel’s stock advanced 24% on Thursday, taking its market cap to $ 143 billion. That’s just a small part of the $ 500 billion it boasts in 2000, according to CompanyMarketCap.com. Nvidia, which costs $ 4.23 trillion, rose 1.85%.
The US government Buy 10% Stake at Intel last month for $ 8.9 billion In an attempt to coast the future of American chip manufacturing.
The crypto industry watch Nvidia’s performance with enthusiastic eyes as a proxy For market sentiment, which may reflect AI tokens and the broader crypto market.
