Intel surges 30% after Nvidia says it will invest $5 billion in chipmaker, co-develop data center and PC products
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025.
Alex Wroblewski | Bloomberg | Getty Images
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Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker which took on the U.S. government as an investor last month.
Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel shares jumped 33% to around $33 a share in premarket trading following news of the deal.
Intel, YTD
“This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing,” said Nvidia CEO Jensen Huang in a release.
The investment, which is subject to regulatory approvals, does not appear to include the manufacturing of Nvidia chips with Intel’s foundry.
Huang and Intel CEO Lip-Bu Tan will hold a press conference on the deal at 1 p.m. ET.
Shares of Nvidia, which is in the middle of U.S. and China trade negotiations to get approval to sell less-advanced chips in China, was up 3% in premarket trading.
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