Intel - Chip Giant with Stock Fireworks After NVIDIA Entry!
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Business drivers: Intel (INTC) is one of the largest US chip manufacturers. After facing significant pressure in recent years due to increasing competition from AMD, Qualcomm, and NVIDIA, the new CEO Lip-Bu Tan aims to lead the chipmaker back to success through restructuring and the expansion of high-margin segments such as AI chips. On September 18, Intel and NVIDIA announced a close strategic partnership, with NVIDIA acquiring Intel shares worth a total of $5 billion at a price of $23.28 per share. As part of the technology partnership,...
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