Nvidia stock jumps 2%, Intel stock rockets 24% after huge $5B deal

Piper Sandler on Nvidia [https://invezz.com/wp-content/uploads/2025/08/image25.png] Nvidia agreed to invest $5 billion in Intel Corp. and collaborate on developing chips for personal computers and data centres, a surprise partnership that pairs two longtime rivals as Intel struggles to regain footing in the semiconductor industry. Shares of Intel surged 24% in premarket trading, while Nvidia stock was up over 2%. The CEOs of NVIDIA and Intel will conduct a webcast press conference at 10 a.m. Pacific time (1 p.m. Eastern time) today to discuss the major announcement. DETAILS OF THE NVIDIA AND INTEL DEAL Nvidia will acquire Intel shares at $23.28 apiece, representing a 6.5% discount to Wednesday’s closing price, the companies said Thursday. Intel will incorporate Nvidia’s graphics technology into its upcoming PC processors, while also supplying CPUs for Nvidia’s data centre products. The companies did not specify a timeline for when the first jointly developed chips will reach the market and emphasised that the tie-up will not alter their individual strategic plans. “This historic collaboration tightly couples Nvidia’s AI and accelerated computing stack with Intel’s CPUs and the vast x86…