Nvidia to Jointly Develop AI Chips with Intel Following a $5 Billion Investment, Shares Surge 22%

On the 18th, semiconductor giants Nvidia and Intel announced a partnership for the joint development of AI infrastructure for data centers and PC products. Nvidia invested $5 billion in Intel's common stock at $23.28 per share, contingent upon regulatory approval to establish a collaborative framework. The announcement was well-received, with Intel's stock closing up 22.8% at $30.57, recording its most significant rise since October 1987. Nvidia's shares also rose by 3.54%. Additionally, some cryptocurrency-related stocks, including those involving AI agents, experienced a corresponding rally.