Nvidia $3.5 billion investment in MediaTek lifts shares
Nvidia (NASDAQ:NVDA) detailed a $3.5 billion investment in MediaTek, adding a route into the custom AI processor market and extending reach beyond Nvidia chips. MediaTek shares jumped 10% higher Tuesday after the partnership details.
Nvidia's NASDAQ:NVDA $3.5 billion investment in MediaTek is giving the Taiwanese chipmaker another route into the fast-growing custom AI processor market, while extending Nvidia's reach beyond its own chips.MediaTek shares jumped 10% higher Tuesday after the companies detailed the partnership.
Nvid…