I knew it! The price of Nvidia has been steadily increasing over the past few months, from 10 to 20, accelerating significantly the past week or two. Sounds like there was a bit of a leak. I wonder what the options action looked like.
Since NVDA is roughly $1B in sales, a $1.5 Bn licensing deal over 6 years is very significant in terms of their profitability, and because it’s with Intel, competitively against their main rival ATI who is now owned by AMD.
You would think Intel could have bought the rights for much less money....unless they were desperate....which they might be.