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Nvidia Just Piled $2 Billion Into This Chip Stock, and It Can Still Climb Higher From Here [Yahoo! Finance]
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Instead of letting that all of that cash sit on its balance sheet, Nvidia has been strategically investing some of it in other companies. It notably took a $5 billion stake in Intel last fall, and it recently bought a $2 billion stake in another chipmaker. Not only does Nvidia's investment indicate the company is making notable moves in the semiconductor industry , but it also creates a durable partnership that could give it a leg up. And despite the market's positive reaction to the news, it's not too late for retail investors to follow Nvidia's lead and buy the stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Nvidia's investing in the competition Nvidia's latest investment is Marvell Technologies (NASDAQ: MRVL) . The company has received a lot of attention over the last
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