Why Intel Stock Powered Higher Today

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 ...