Nvidia just dropped $5 billion on Intel stock - here's why your portfolio cares
Key Points
- Nvidia's $5 billion investment in Intel creates a powerful s...
When you invest $5 billion in a company that's been getting its lunch money stolen by AMD for years, you're either very confident or very desperate. Today, Nvidia chose confidence, writing Intel a check so large it could probably buy a small country's GDP.
The September 18th announcement sent Intel's stock rocketing 30% faster than a day trader's heart rate during earnings season. For context, that's roughly the same excitement level as finding out your ex is dating someone uglier than you - pure vindication.
The Marriage Nobody Saw Coming
This isn't just Nvidia throwing money around li...
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