Intel shares jump 23% as Nvidia to invest $5 billion co-develop chips for PCs and AI data centers
Nvidia Corp. (NVDA.O) said on Thursday it will invest $5 billion in Intel Corp. (INTC.O) and jointly develop chips for personal computers and data centers, a surprise move that sent Intel shares surging 22.8% to $30.57 — their best single-day gain since October 1987. The deal marks a strategic pivot for both companies, with Nvidia…