NVIDIA To Invest $5 Billion In Intel To Co-Develop Data Center And PC Chips

Big things are happening at Intel these days, as CEO Lip-Bu Tan looks to transform the chip maker’s business model after stumbling a bit in the past few years. The newest development—and one we didn’t see coming—is that NVIDIA is investing $5 billion in Intel’s common stock at a purchase price of $23.28 per share, which suggests a high level