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Tech giant Intel (INTC) benefited from the U.S. government taking a 10% stake in the company after it faced significant issues, notably falling behind in the artificial intelligence (AI) race. However, bigger news dropped when it was announced that Nvidia (NVDA) will invest $5 billion in its struggling rival. Through this partnership, Intel will develop custom chips for Nvidia’s AI infrastructure platform for data centers.
Now, Nvidia’s investment has made the U.S. government’s stake much more attractive. The approximately $9 billion stake has now increased in value to more than $13 billion, with the government is up about 50%, or $4.4 billion, through Sept. 18. The deal might reshape the computer semiconductor business. With that in mind, should you buy INTC stock now?
