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Nvidia turns $5 billion Intel stock bet into $30 billion windfall

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Image accompanies the article at Tom's Hardware. No description was extracted from the source.

Nvidia’s $5 billion purchase of Intel stock last year, made as part of the companies’ strategic AI infrastructure partnership announced in September, has become a highly lucrative investment, generating nearly $25 billion, the company revealed in an SEC filing this week.

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With quarterly revenue exceeding $80 billion and net income approaching $60 billion, Nvidia has plenty of unspent cash to invest. Without a doubt, Nvidia's investment in Intel was both strategic and financial, as it helped Intel survive hard times and has generated $24.989 billion for the company. The SpaceX investment, valued at $20.975 billion, seems entirely strategic at present, since SpaceX's xAI has committed to exclusively using Nvidia hardware in its AI data centers both on Earth and in orbit. Other notable investments that Nvidia has made over the past year include Coherent, a major maker of lasers, optical materials, and semiconductors; Nokia, a telecommunications giant; and Synopsys, an electronic design automation (EDA) provider.

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