Intel Spikes 23% on Deal With Nvidia to Develop AI Hardware

Nvidia announced Thursday it would invest $5 billion in Intel and collaborate on custom chips for data centers and personal computers, sending Intel's battered stock soaring 23% in early trading. The investment, which would buy Nvidia roughly 215 million Intel shares at$ 23.28 each, comes just weeks after the Trump administration took a 10% stake in the struggling chipmaker. As per the agreement, Intel will develop custom x86 CPUs optimized for Nvidia's AI platforms, potentially solving longstanding bot ...