Chipmaker Nvidia to invest $5bn in rival Intel
Chipmaker Nvidia to invest $5bn in rival Intel Intel's stock surged more than 25% on news of the deal, which could boost the once-dominant chipmaker. Shares in Nvidia rose roughly 3%. It will make Nvidia one of of Intel's biggest shareholders, with a roughly 4% stake in the troubled semiconductor company. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and data centre chips, as demand for AI continues to surge and compan