Intel Stock Plunges 5% As Jensen Huang Unveils New Chip: What Do Prediction Markets Say About NVDA?

Intel Stock Plunges 5% As Jensen Huang Unveils New Chip: What Do Prediction Markets Say About NVDA?

Intel Corp (NASDAQ:INTC) shares dropped over 5% Monday morning after Jensen Huang unveiled a new chip that pushes Nvidia Corp (NASDAQ:NVDA) directly into the PC market. The RTX Spark Superchip combines the CPU and graphics processor on a single piece of silicon, a system-on-a-chip approach that mimics the strategy Apple Inc (NASDAQ:AAPL) used to upend its own MacBook line. Sharing one pool of memory means data no longer has to shuttle back and f…