Intel Corporation (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA)
Intel shares posted their best trading day since October 1987, surging 22.8% to US$30.57 on 18 September following Nvidia’s announcement of a US$5 billion investment in the troubled chipmaker. The investment, made at US$23.28 per share, forms part of a strategic collaboration to co-develop data centre and PC chips. The partnership represents a significant vote of confidence in Intel’s turnaround efforts, with Nvidia joining Softbank and the US government as major investors....Welcome to this week’s edition of top stock market highlights.
This week delivered significant developments across multiple sectors as Intel posted its best trading day in nearly four decades following Nvidia’s US$5 billion investment, whilst US and Chinese negotiators advanced towards a resolution on TikTok’s American operations.
In Singapore, the IPO market remained active with Centurion Accommodation REIT’s S$771 million listing and AvePoint’s secondary listing by introduction, as Hongkong Land continued its strategic transformation with the S$739 million divestment of MCL Land to Malaysia’s Sunway Group.
