Intel surges 23% after $5B Nvidia investment shakes up chip race
This article first appeared on GuruFocus. Nvidia (NVDA, Financials) is betting big on Intel (INTC, Financials). The world’s most valuable chipmaker is investing $5 billion for about a 4% stake in Intel and teaming up to develop new PC and data center chips. The deal immediately lit up Wall Street. Intel shares soared 23% as…