TLDR Founders · MISCELLANEOUS
NVIDIA TO THE RESCUE
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.