INTC: Intel Stock Soars 30% After Nvidia Joins Forces In $5B Partnership

Sep 18 - Nvidia NVDA and Intel INTC unveil a partnership to co-develop chips for PCs and data centers, and Nvidia will take a $5 billion stake in Intel.

The deal pairs Nvidia's AI and accelerated-computing stack with Intel's x86 architecture: Intel will build Nvidia-custom x86 CPUs for data centers, and it will offer x86 system-on-chips that integrate with Nvidia's RTX GPUs for the PC market. Nvidia says it will buy $5 billion of Intel common stock at $23.28 a share, subject to regulatory approvals and closing conditions.

Markets react strongly: Nvidia edges higher in premarket trade while Intel jumps sharply by more than 30%, a move that would mark Intel's biggest gain in more than a year if it holds. Company leaders frame the partnership as practical rather than symbolic. Jensen Huang calls the collaboration a tight coupling of platforms that expands both ecosystems. Lip-Bu Tan highlights Intel's manufacturing and packaging strengths and says the work should enable new customer solutions.

The firms plan a 1 p.m. ET press conference to walk through technical details and next steps. Investors will watch execution closely.