Nvidia (NVDA)The world’s largest public business after market capital said it will invest $ 5 billion in Intel (Intc) And work with the chipmaker to develop custom data centers and PC products as artificial intelligence becomes more pervasive.
Santa Clara, California-based manufacturer of the graphic treatment units (GPUs) This supports AI computing will buy shares in its neighbor for $ 23.28 each, 6.5% lower than Wednesday’s $ 24.90 closure rate, according to a message on Thursday.
While Nvidia is known for its GPU production, Intel was a leader in the development of microprocessors and entered public consciousness as a provider of central processing units (CPUs) It drives IBM compatible microcomputers. Its fortunes have fallen as AI, with its intensive computer requirements, has taken root.
The Intel share rose 24% on Thursday and took its market capital to $ 143 billion. It’s just a fraction of the $ 500 billion it boasted in 2000, according to Companiesmarketcap.com. Nvidia, with a value of $ 4.23 trillion, increased 1.85%.
The US government bought a 10% share in Intel last month for $ 8.9 billion in an attempt to strengthen the future of US chip making.
The Crypto industry looks at Nvidia’s performance with a sharp eye as a power of attorney for market mood, which can be reflected in AI symbols and the wider crypto market.
