Nvidia-Intel deal: CEO Huang explains $5Bn bet; Eyes PC market expansion

In a surprising turn, Nvidia is investing $5 billion in Intel, signaling a strategic partnership. Nvidia CEO Jensen Huang expressed confidence in Intel’s turnaround, foreseeing a ‘fantastic’ return. The collaboration involves Nvidia’s GPU tech in Intel’s AI PCs and Intel’s CPUs in Nvidia’s data centers. This alliance arrives amid political scrutiny of Intel, potentially aligning Nvidia with U.S.