Trump’s Bet on Intel Stock Is Up 50%. Should You Try to Get In on the INTC Action Too?
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. ...