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Nvidia Invests $3.5B in MediaTek to Deepen Chip Partnership Amid Market Volatility

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The Story

News Summary

  • Nvidia announced a $3.5 billion investment in MediaTek to deepen collaboration with the Taiwanese chipmaker.
  • Meanwhile, broader markets faced pressure from rising bond yields, elevated oil prices due to Middle East conflicts, and growing expectations of further monetary tightening by global central banks.
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