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Intel shares soar 30% in pre-market trade on Nvidia's $5 bn investment boost, strategic product collaboration
The Economic Times· 2025-09-18 21:02
Nvidia will invest $5 billion in Intel’s common stock at a purchase price of $23.28 per share. The investment is subject to customary closing conditions, including required regulatory approvals.Intel Corporation shares were hovering around $31.87 on the Nasdaq around 7:44 AM ET (5:15 pm India time). The shares had settled at $24.90 on Wednesday, down 1.5%.Ahead of the Intel said that both companies will focus on seamlessly connecting NVIDIA and Intel architectures using NVIDIA NVLink — integrating the stre ...