US Government’s Intel Stake Worth $13 Billion After Nvidia Deal

The US government's investment in Intel Corp. has seen a significant payoff after Nvidia Corp.'s surprise investment in the chipmaker. The government's stake, worth an estimated $13 billion, has surged in value following the unexpected deal. Intel's shares experienced their largest single-day jump in almost four decades, reflecting the market's positive response to Nvidia's investment. The collaboration between the two tech giants is seen as a strategic move that could potentially reshape the semiconductor industry. The US government's initial investment in Intel has proven to be a wise decision, as the substantial increase in the value of its stake demonstrates the potential for significant returns on such strategic bets. This development highlights the government's ability to make calculated investments that can yield substantial financial benefits, while also potentially strengthening the country's technological capabilities.