https://wccftech.com/intel-nasdaq-intc-and-nvidia-nasdaq-nvda-receive-a-share-price-boost-on-the-back-of-new-acquisitions/

Intel (NASDAQ:INTC and NVIDIA (NASDAQ:NVDA) announced plans on Monday to bolster their portfolio through new acquisitions, placing the broader macroeconomic weakness prompted by the coronavirus (COVID-19) pandemic on a backburner.

Just hours ago, Intel disclosed its readiness to purchase the Israel-based mobility app Moovit for $900 million. As a refresher, the app offers route planning services similar to those offered by Google and Apple through their respective map apps. However, Moovit also offers the facility to share bikes and scooters through its app interface. Moreover, as Moovit crowdsources a part of its public transit data, it is able to provide routing services even in remote areas.