Chipmaker Nvidia to invest $5bn in rival Intel

Nvidia to invest $5bn in Intel, boosting the struggling chipmaker. The move sent Intel’s stock soaring more than 25% as Nvidia acquires a 4% stake in the semiconductor giant. The partnership aims to develop PC and data center chips to meet the growing demand for AI technology, securing Intel's position in the market against its competitors like Nvidia, AMD, and TSMC.