The investment is the latest in a string of deals that have bolstered Intel, which has struggled in the AI race.

Nvidia has agreed to invest $5 billion in Intel as part of a broader deal to together develop "multiple generations" of data center and PC products. Nvidia will buy Intel stock.

Nvidia is investing $5 billion in Intel. The news comes after the US government took a roughly 10 percent equity stake in the struggling chipmaker.

Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake.

Mr Huang is in a celebratory mood. Hobnobbing with kings and presidents is one sign of his extraordinary ascent, thanks to Nvidia’s pivotal role in generative artificial intelligence ( AI) that has made it the world’s most valuable company, worth $4.3trn. He is also using his position to play a shrewd political game.

Nvidia says it will invest $5 billion in Intel; Treasury yields rally

Shares of Intel rose 33% Thursday after NVIDIA announced it will make a $5 billion investment in the company to make NVIDIA's data center and PC chips.

Nvidia ( NVDA -0.26%) has made an incredible ascent to the top of the stock market, and it's in a league of its own as the only stock with a market cap above $4 trillion. It's up 1,300% over the past five years, and it doesn't look like it's anywhere near done.