Nvidia’s $5 Billion Intel Investment Ignites Asian Chip Supplier Stocks
Nvidia’s $5 Billion Intel Investment Ignites Asian Chip Supplier Stocks Asian suppliers to Intel Corp. experienced a significant surge in their stock prices today, Friday, following news of a substantial $5 billion investment by chipmaking giant Nvidia Corp. The announcement prompted a 23% jump in Intel’s own stock, creating a ripple effect across the semiconductor supply chain. Japanese chip equipment manufacturer Lasertec Corp., which reportedly derives nearly a third of its revenue from Intel, soared by as much as 15%…