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Nvidia invested $5 billion in Intel shares at $23.28 each, quickly turning that into a value of $7.58 billion as Intel's stock rose to $36.68. The deal, approved by the FTC, aims to develop new chips for data centers and PCs, enhancing collaboration between the two companies.
Broadcom's recent agreement to develop chips and computing systems with OpenAI has initially boosted its stock, but the long-term viability of the partnership raises concerns. OpenAI's ambitious plans and projected revenue fall short of covering the enormous costs of its projects, leading to questions about how the company will finance its expansion.
Intel and Apple are in early discussions about a potential investment from Apple, following Intel's recent challenges in the chip market. While Apple has transitioned to using TSMC for its chips since 2020, the talks may lead to a partnership where Intel could manufacture some components for Apple, although a full return to Intel chips is unlikely.