The world's most expensive company bought shares of the weakening tech giant

Виктор Сизов World
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The most expensive company in the world bought shares of a weakening tech giant

Nvidia, known as the most valuable company in the world, has purchased shares of Intel worth five billion dollars, reports Lenta.ru citing CNBC.

It is worth noting that back in September, Nvidia announced its intention to pay $23.28 for each Intel share. This deal represents significant support for Intel, which has faced serious financial difficulties due to an ineffective strategy for expanding production capacity in recent years.

As a result of the deal, Nvidia acquired over 214.7 million shares of Intel. As a result, Nvidia's shares fell by 1.3 percent, while the value of Intel's shares remained virtually unchanged.
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