Intel shares edge higher in pre-market trade after $5 billion stake sale to Nvidia
Intel shares rose to $36.29 after selling 214.8 million shares to Nvidia for $5 billion. This deal enhances Nvidia's stake in Intel, as both companies aim to advance AI technologies. Intel's stock has surged 80% this year, fueled by strong growth and investments in new plants.
Intel shares rose to $36.29 after selling 214.8 million shares to Nvidia for $5 billion. This deal enhances Nvidia's stake in Intel, as both companies aim to advance AI technologies. Intel's stock has surged 80% this year, fueled by strong growth and investments in new plants.
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