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Intel shares soar as Nvidia announces $5 billion investment
Yahoo Financeยท 2025-09-18 12:19
Group 1 - Nvidia plans to invest $5 billion in Intel to co-develop data center and PC chips, following the U.S. government's acquisition of a 9.9% stake in Intel through an $8.9 billion investment [1] - Intel shares surged 29% in pre-market trading, while Nvidia shares increased by 3% after the announcement [1] - Nvidia will purchase Intel shares at $23.28, which is above the government's purchase price of $20.47, making Nvidia a 4% owner of Intel [3] Group 2 - The collaboration aims to integrate Nvidia's AI and accelerated computing stack with Intel's CPUs, creating a fusion of two leading platforms [2] - Nvidia will design custom processors for data centers, which will be sold alongside its AI GPUs, ensuring high-speed communication between Nvidia and Intel chips [4] - Intel will develop chips that incorporate Nvidia's RTX GPU, targeting gamers and individuals interested in Bitcoin mining [5] Group 3 - Intel's stock has risen 28% since Donald Trump's demand for CEO Lip-Bu Tan's resignation, with a total increase of 65% including pre-market gains [6]