Key Points Nvidia just announced it will buy $5 billion worth of Intel stock. Nvidia is getting a great price on Intel -- 25% less than the stock costs today. 10 stocks we like better than Intel › Intel (NASDAQ: INTC) stock soared 25.1% through 9:55 a.m. ET Thursday, and it's no mystery why. This morning, Intel announced that Nvidia (NASDAQ: NVDA) will invest $5 billion in Intel and help its former rival to "develop AI infrastructure and personal computing products" going forward. Image source: Ge ...

Zeng Yu / VCG via Getty Images Intel shares are soaring Thursday after Nvidia announced a $5 billion investment in the struggling chipmaker. KEY TAKEAWAYS Nvidia is investing $5 billion in Intel and will co-develop chips for PCs and data centers, the companies announced Thursday. Nvidia said it will buy Intel common stock at $23.28 a share, around 7% below where they closed yesterday. Intel shares soared in premarket trading Thursday following the news. Nvidia shares also climbed. Nvidia (NVDA) is ...