Overview

• Nvidia agreed to buy $5 billion of Intel common stock at $23.28 per share, with the investment subject to customary closing conditions and required regulatory approvals.
• The companies plan to co-develop multiple generations of custom data-center and PC products that connect Nvidia’s AI and accelerated computing stack with Intel’s x86 platform via NVLink.
• Intel will manufacture Nvidia‑custom x86 CPUs for data centers and x86 PC system‑on‑chips that integrate Nvidia RTX GPU chiplets.
• Intel shares jumped roughly 22%–23%, touching a 52‑week high of $32.38 before closing at $30.57 following the announcement.
• Wall Street called the tie‑up a potential turning point for Intel yet flagged regulatory review, execution risk and a possible need for $5–10 billion in additional capital, and Nvidia said the White House had no role in the transaction.