Nvidia's $5 billion Intel bet is now worth nearly $25 billion, and its SpaceX stake isn't far behind

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Bottom line: Nvidia's latest SEC filing describes a growing investment portfolio spanning chips, optical networking, telecom equipment, design software, and cloud infrastructure. Several of those bets have also produced substantial gains, including its Intel stake, which is now worth nearly $25 billion.

Nvidia bought $5 billion in Intel stock last year as part of the companies' AI infrastructure partnership, creating one of the company's most valuable equity positions. The stake was valued at $24.989 billion in the latest filing.

The Intel deal was both a financial investment and a strategic move. The companies said they would work on Intel x86 RTX system-on-chipfor PCs that pair Intel processors with Nvidia graphics. They also announced plans for custom Nvidia data-center x86 processors. The investment gave Intel added support during a difficult period and...

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