NVIDIA Corp (NASDAQ: NVDA) closed at $176.24, up 3.49%, with a trading volume of 191.06 million shares. The S&P 500 rose 0.48% and the Nasdaq Composite gained 0.94%.

In the chip maker sector, Advanced Micro Devices Inc (NASDAQ: AMD) closed at $157.92, down 0.78%, while Intel Corp (NASDAQ: INTC) surged to $30.57, up 22.77% after news of a collaboration. NVIDIA will invest $5 billion in Intel for new processors, blending chip design and manufacturing with AI and GPU expertise.

Investors see potential for long-term growth as NVIDIA diversifies beyond GPUs and strengthens its position in AI trends.

Read more at Nasdaq: Stock Market Today: NVIDIA Rises After Announcing Strategic Intel Collaboration