Intel Shares Rise After $5 Billion Nvidia Stake Sale and Acquisition Talks
3 hours agoBusiness
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Intel Shares Rise After $5 Billion Nvidia Stake Sale and Acquisition Talks

Intel's stock saw a slight increase in pre-market trading following the announcement of a $5 billion stake sale to Nvidia. Nvidia purchased over 214 million Intel shares at $23.28 each, a transaction aimed at co-developing data center and PC technologies to advance AI capabilities. This deal, alongside capital investments in new plants and AI sector growth, contributes to Intel's ongoing recovery. The company also reported strong third-quarter financial results, with increased gross profit and operating margin. Additionally, Intel is reportedly in advanced talks to acquire AI chip startup SambaNova Systems for approximately $1.6 billion.

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