Nvidia invests in Intel as "life-saving money", US government's stockholding gains $4.9 billion.
Nvidia's unexpected investment has triggered Intel's stock to achieve the largest increase in nearly forty years, and the U.S. government's bet on Intel's investment is now paying off handsomely. Just under a month ago, Trump brokered a deal where the U.S. government would acquire about 10% of Intel's shares. The surge in Intel's stock on Thursday pushed its price up to $31.79 at one point, raising the market value of the U.S. government's stake to around $14 billion - a paper profit of $4.9 billion compared to the agreement reached in August. Nvidia's investment is the latest "lifeline" that Intel has received. For years, Intel has been deep in trouble: on one hand, its manufacturing business is facing difficulties, and on the other hand, chips used for artificial intelligence have become the core growth area of the semiconductor industry.
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