Nvidia is set to invest $5bn in Intel and will work with the US chipmaker to co-develop custom data centres and PC products. The move by Nvidia follows an announcement made last month about the US government’s $8.9bn investment in Intel common stock as part of efforts to boost semiconductor manufacturing in the country. In the same month, Japan’s SoftBank agreed to invest $2bn in Intel common stock. Nvidia will purchase Intel common stock at a purchase price of $23.28 per share. The purchase is subject ...

Intel INTC stock surged on Thursday after unveiling a sweeping partnership with Nvidia NVDA to co-develop custom chips and next-generation systems, a breakthrough that thrusts the long-struggling chipmaker into the center of the artificial intelligence boom and signals a new front in the global race for computing dominance.Wedbush analyst Dan Ives framed Nvidia and Intel’s collaboration as a game-changing moment that pulls Intel “front and center” into the artificial intelligence race.The analyst argued the ...