Intel (INTC) reached $37.3 at the closing of the latest trading day, reflecting a +1.69% change compared to its last close.
INTC completes a $5B NVIDIA investment, gaining capital and a strategic AI partnership that may reshape Intel's CPUs, GPUs and future AI PCs.
Intel (NASDAQ: INTC) faced a setback in its foundry comeback story a few days ago when reports emerged that AI giant Nvidia (NASDAQ:NVDA) was halting tests on Intel's most advanced manufacturing process, Intel 18A. The news caused Intel's stock to drop by as much as 4% in early trading, though it later regained some ground later in the day.
Intel Corporation (NASDAQ: INTC) had a 2024 to forget. The chipmaker lost more than 50% of its market value, and its stock was kicked out of the Dow Jones Industrial Average after 25 years.
Over the past three years, Nvidia (NASDAQ:NVDA ) stock has climbed by over 1,200% to dizzyingly high levels.
Nvidia has purchased $5 billion in Intel shares as part of a larger tech partnership. Intel confirmed the purchase of 214.7 million shares in a securities filing Monday (Dec. 29), concluding a deal first announced in September.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) has completed a $5 billion investment in Intel, buying more than 214.7 million shares in a private placement, according to a regulatory filing published on Monday. The transaction follows an agreement announced in September, under which Nvidia agreed to pay $23.28 per Intel share.
Intel (INTC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
INTC's Q3 2025 non-GAAP gross margin jumped to 40% on higher revenue, favorable product mix and cost optimization, as PC upgrade cycle and AI PC momentum lift results.
Intel ( NASDAQ: INTC ) has experienced a dramatic shift in fortunes over the past year.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares fell on Wednesday on a Reuters report that Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) had halted a test of Intel's advanced 18A chipmaking process. According to Reuters, which cited two people familiar with the matter, Nvidia had been evaluating whether its chips could be manufactured using Intel's 18A process, one of Intel's most advanced production technologies.
It was a Thursday before dawn in Silicon Valley when Intel CEO Lip-Bu Tan found himself under attack by the president of the United States.