Nvidia invests $5 billion in Intel, prompting Intel shares to soar. The companies plan to co-develop chips for PCs and data centers. Nvidia will buy Intel stock at $23.28 a share, boosting Intel shares by 28% in premarket trading. Intel will build data centers integrating Nvidia’s AI infrastructure platforms and chips.

Nvidia CEO Jensen Huang calls the collaboration “historic,” aiming to expand ecosystems for the next era of computing. Intel CEO Lip-Bu Tan highlights their leading data center and client computing platforms. Intel, once a leading chipmaker, aims to regain ground against competitors like TSMC in the chip manufacturing space with this collaboration.

The Trump administration has expressed interest in making Intel a national AI chip production champion. Last month, Trump announced a plan to take a 10% stake in Intel. This investment is seen as a strategic move to boost Intel’s position in the rapidly evolving technology landscape.

Read more at Yahoo Finance: Nvidia Bets Big on Intel With $5B Investment