INTEL $INTC TO PAY NVIDIA $NVDA $1.5 BILLION
Nvidia $NVDA trading has been halted. News is that Nvidia has signed a 6 years cross licensing agreement with Intel and Intel will pay $NVDA $300 million each in 5 annual installments. This amount is in the range of what was expected and in line with earlier settlement between $INTC and $AMD. Since there is no surprise here, theoretically the stock price of $NVDA should not go up. But in this bull market, we expect a big up spike. We will take advantage of the up spikes by lightly adding to our short position. We suggest disregarding the levels in