TLDR Founders · MISCELLANEOUS

NVIDIA TO THE RESCUE

cautiousoptimism.news3 min read

Summary from the TLDR Founders newsletter

Intel just got a lifeline from an unlikely source. After handing Uncle Sam a 10% equity stake to unlock government grants, Intel will see Nvidia buy $5 billion of shares at $23.28 each. The deal spikes Intel's stock 27% and pairs Nvidia's GPUs with Intel's CPUs in data centers and PCs.