Nvidia CEO Jensen Huang explains $5 billion bet on struggling Intel: “The return will be fantastic”
Nvidia is investing $5 billion in its struggling former takeover target and rescue Intel through a strategic chip partnership. The deal announced sees Nvidia purchasing Intel stock at $23.28 per share—a 6.5% discount—while the companies collaborate on PC and data center processors. Nvidia CEO Jensen Huang has now explained why he decided to bet on…