Intel Stock News

The artificial intelligence (AI) leader Nvidia (NVDA 0.34%) announced Thursday that it will invest $5 billion in Intel (INTC -3.22%) as part of a sweeping collaboration to build new data center and PC products. The two companies plan to combine Nvidia's accelerated computing stack and NVLink interconnect with Intel's x86 CPUs across multiple generations.

Tom Yeung here with your Sunday Digest .  Imagine the government came knocking at your door and offered you $10 billion.

On Thursday, Intel (INTC -3.22%) and Nvidia (NVDA 0.34%) announced a shocking deal that will pair the two companies' technologies in PC and data center central processing units (CPUs). This news looks problematic for Advanced Micro Devices (AMD -0.23%).

Intel (NASDAQ: INTC) stock staged one of the biggest rallies this week, surging nearly 30% on Thursday, but a key technical indicator suggests the chipmaker may face a correction or consolidation in the near term.

Nvidia (NVDA 0.34%) has just made a move that clearly is great news for Intel (INTC -3.22%). The artificial intelligence (AI) chip powerhouse this week committed to investing $5 billion in the common stock of Intel, its beleaguered rival.

Intel (INTC -3.22%) has a new and powerful ally. On Thursday, Nvidia (NVDA 0.34%) said it will invest $5 billion in Intel and codevelop multiple generations of custom products, spanning data centers and PCs.

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Nvidia (NVDA 0.34%) invested $5 billion in Intel (INTC -3.22%) in a partnership that I think will make a lot of sense.