‘NVIDIA is to Intel what MSFT was to Apple in 1997,’ said one market analyst about the new deal.
The Intel logo is displayed on a sign in front of the Intel headquarters in Santa Clara, Calif. Justin Sullivan/Getty Images
|Updated:
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 has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
