Advanced Micro Devices (AMD) teams up with Intel and Nvidia to develop custom data center and PC products. Nvidia invests $5 billion in Intel stock. Deal could benefit Intel in x86 CPUs, but AMD has gained market share recently. Nvidia’s investment may lead to more AI product sales in China. AMD maintains $155 fair value estimate. Shares now fairly valued. Collaboration extends Nvidia’s relationship with Intel. AMD favored for server CPUs over Intel. Concerns about Nvidia supplying GPU chiplets to Intel’s x86 PC CPU products.

Read more at Morningstar: The Intel-Nvidia Collaboration Is Worth Watching but Not a Death Blow