Intel stock today edges higher after Nvidia’s $5 billion stake filing — what investors watch next
Intel confirmed it sold 214.8 million shares to Nvidia for $5 billion in cash, according to a regulatory filing. Intel shares edged up 0.2% to $37.39 in midday trading. The deal, completed Dec. 26, was a private placement under a September agreement. Investors are watching how Intel will use the new funds as it expands manufacturing.