US Stock Market Move | Intel Corporation (INTC.US) rose more than 2%. NVIDIA Corporation has invested 5 billion US dollars to acquire company shares.

On Tuesday, Intel Corporation (INTC.US) rose more than 2%, closing at $37.68. In terms of news, Intel Corporation stated in a filing on Monday that NVIDIA Corporation had purchased $5 billion worth of Intel Corporation stock, completing a deal announced in September. According to the filing on Monday, the world's largest market capitalization company has purchased over 2.147 billion shares of Intel Corporation stock through a private placement at the price set in the September agreement. According to a notice released by the Federal Trade Commission (FTC) in early December, the US antitrust agency has approved NVIDIA Corporation's investment in Intel Corporation. According to the previous arrangement, NVIDIA Corporation acquired Intel Corporation common stock at a price of $23.28 per share (equivalent to approximately 163.3 RMB at the current exchange rate). The market generally believes that this investment provides Intel Corporation with crucial financial cushioning at a time when it is under pressure due to strategic misjudgments and intense capacity expansion.