Nvidia, recognized as the most expensive company on the planet, has acquired shares of Intel worth five billion dollars, reports Lenta.ru, citing CNBC.
In September of this year, Nvidia announced its intention to buy Intel securities at a price of $23.28 per share. This acquisition is a significant support for Intel, which has faced serious difficulties due to a failed strategy for expanding production capacity, negatively impacting its financial condition.
As a result of the deal, Nvidia increased its assets by more than 214.7 million shares of Intel. Following the announcement of the purchase, Nvidia's shares fell by 1.3 percent, while the value of Intel's shares remained virtually unchanged.
