Group 1 - Nvidia announced a $5 billion investment in Intel, significantly boosting Intel's stock performance [1][5] - The investment will focus on co-developing new data center and PC chips, indicating a strategic partnership between the two companies [1] - Following the announcement, Intel became the best-performing stock in the S&P 500, with Nvidia's shares also experiencing an increase [1][5] Group 2 - PayPal and Alphabet's Google reached an agreement for PayPal to utilize Google's AI tools to enhance internet commerce, leading to gains in both companies' shares [2] - CrowdStrike reported a better-than-expected forecast for annual recurring revenue, resulting in a surge in its stock price [2] - Darden Restaurants, the parent company of Olive Garden, saw its shares decline after missing profit estimates and warning of higher costs impacting future earnings [2][5] Group 3 - Cracker Barrel's shares fell due to negative feedback from recent location updates and logo changes affecting its results and guidance [3] - Nucor's stock dropped following a lower-than-expected outlook, citing weakness across all segments [3] - Oil futures increased while gold prices decreased, with the U.S. dollar strengthening against the euro, pound, and yen [3]

Nvidia plans to invest $5 billion in chipmaker Intel as the two Big Tech companies have agreed to co-develop data center and PC chips. The news comes on the heels of the U.S. government acquiring a 9.9% stake in Intel via an $8.9 billion investment in the company last month. Intel shares spiked 29% in pre-market trading Thursday on the news. Nvidia shares saw a 3% increase. “This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosyste ...