INTELLECT

stock surges 25% following Nvidia’s $5B investment deal

Shares of semiconductor major Intel soared on Thursday after artificial intelligence leader Nvidia unveiled a $5 billion investment in its long-time rival. The deal underscores a strong vote of confidence in Intel’s turnaround strategy. Nvidia’s backing adds to the support of Japanese conglomerate SoftBank and the U.S. government, both of which have recently committed capital to revive the once-dominant chipmaker that lost ground after missing key technological transitions. Last month, the Trump administration stunned the tech sector by acquiring a 10% equity stake in Intel, acknowledging the company’s strategic importance as a backbone of the computing industry.