<div id="readability-page-1"><div><div><p>On Thursday, <strong>Intel Corporation</strong> <span>INTC</span> shares jumped by double digits after announcing a major partnership with <strong>Nvidia Corporation </strong><span>NVDA</span>.</p><h2><strong>Intel Stock Rockets On Breakthrough Deal With Nvidia</strong></h2><p>Intel shares jumped 22.77% to close at $30.57 after unveiling a partnership with Nvidia to co-develop custom chips and next-generation systems.</p><p>The stock slipped slightly in after-hours trading, while Nvidia rose 3.49% during the session and added modest gains after hours, according to Benzinga Pro.</p><p>The announcement marked Intel's sharpest rally of the year, lifting its year-to-date gains to more than 52%.</p><h2><strong>Lip-Bu Tan Praises Collaboration With Jensen Huang</strong></h2><p>Intel CEO Lip-Bu Tan described the partnership as both personal and strategic.</p><p>&#34;Excited to team up with my good friend Jensen to jointly develop multiple generations of custom data center and PC products,&#34; Tan said on <strong>X</strong>, formerly <strong>Twitter</strong>.</p><p>&#34;Our collaboration brings together the best of Intel and Nvidia to benefit customers – and shows how vital x86 architecture and NVLink will be in shaping the future of AI infrastructure and personal computing.&#34;</p><p><strong>See Also : Intel Growth Challenges Are Not Over Despite Altera Stake Sale: Analyst</strong></p><p>In the announcement press release, Tan highlighted Intel's decades of leadership in <strong>x86</strong> architecture. He stated that together with its manufacturing scale and advanced packaging capabilities, Intel's architecture will serve as a strong complement to Nvidia's dominance in accelerated computing.</p><h2><strong>Jensen Huang Calls AI A New Industrial Revolution</strong></h2><p>Nvidia co-founder and CEO Huang framed the alliance as transformative for the entire industry.</p><p>&#34;AI is powering a new industrial revolution and reinventing every layer of the computing stack — from silicon to systems to software,&#34; Huang said in the press release.</p><p>He said that tying Nvidia's CUDA platform and accelerated computing stack with Intel's CPU ecosystem would &#34;lay the foundation for the next era of computing.&#34;</p><h2><strong>Details Of The Nvidia-Intel Partnership And Investment</strong></h2><p>Under the agreement, Intel will design custom x86 CPUs optimized for Nvidia's AI infrastructure platforms and build a system-on-chip for PCs that integrates Nvidia RTX GPU chiplets.</p><p>Nvidia's NVLink technology will serve as the bridge connecting the two platforms.</p><p>As part of the deal, Nvidia will invest $5 billion in Intel stock at $23.28 per share, pending regulatory approval.</p><h2><strong>Government Backing And Intel's Restructuring Push</strong></h2><p>The partnership arrives as Washington boosts Intel's turnaround. The U.S. government has already secured a 10% stake in Intel through the CHIPS Act, with rights to purchase another 5% if needed.</p><p>As part of sweeping reforms under Tan, Intel has sold a majority stake in <strong>Altera</strong> to <strong>Silver Lake</strong> for $3.3 billion, announced plans to reduce its workforce to 75,000 and established a separate foundry board.</p><p><strong>Benzinga's Edge Stock Rankings</strong> indicate that Intel is maintaining an upward trajectory across short, medium and long-term horizons, with additional performance insights available here.</p><ul> <li><strong>Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</strong></li> </ul><p><em>Photo: jamesonwu1972 / Shutterstock.com</em></p></div></div></div>

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<p>Intel shares surged 22.77% to $30.57 following a partnership announcement with Nvidia to co-develop custom chips and systems, marking Intel's largest rally of the year. Nvidia's stock rose 3.49%. Intel CEO Lip-Bu Tan praised the collaboration with Nvidia's Jensen Huang, emphasizing the importance of x86 architecture and NVLink in AI infrastructure. Nvidia will invest $5 billion in Intel stock, pending regulatory approval. This partnership aligns with U.S. government support for Intel's restructuring efforts, including workforce reductions and strategic reforms.</p>

- Intel Corporation shares surged 22.77% to close at $30.57 following a partnership announcement with Nvidia to co-develop custom chips and systems.  
- Nvidia will invest $5 billion in Intel stock, and the collaboration aims to integrate Nvidia's technology with Intel's architecture to enhance AI infrastructure.  
- This partnership is seen as a significant move for both companies, with potential implications for the future of computing and support from the U.S. government through the CHIPS Act.  

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Jensen Huang Is A 'Good Friend,' Says Intel CEO Lip-Bu Tan Amid News Of Partnership With Nvidia: Next Era Of Computing Coming?