NVIDIA Becomes Intel's Largest Shareholder
NVIDIA invests $5B in Intel, partners on AI data center & PC tech with NVLink integration. Stock soars.
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NVIDIA will invest $5 billion in Intel's common stock at a price of $23.28 per share. The two companies will also collaborate to develop multiple generations of custom data center and PC products to accelerate applications and workloads in hyperscale, enterprise, and consumer markets.
The two companies will focus on leveraging NVIDIA NVLink to seamlessly connect NVIDIA and Intel architectures—combining NVIDIA's AI and accelerated computing advantages with Intel's leading CPU technology and x86 ecosystem to deliver cutting-edge solutions for customers.
For data centers, Intel will build NVIDIA-customized x86 CPUs, which NVIDIA will integrate into its AI infrastructure platform and bring to market. In the personal computing space, Intel will develop and launch x86 system-on-chips (SOCs) integrated with NVIDIA RTX GPU chipsets. These new x86 RTX SOCs will support a variety of PCs that require integrated world-class CPUs and GPUs.
Driven by this news, Intel's stock price surged.
