Nvidia’s stock price rose by 3.49% after the company announced a $5 billion investment in rival Intel. The deal includes a 10% stake to the US government. CEO Jensen Huang discussed a new partnership on a joint video call with Intel Chief Executive Lip-Bu Tan, focusing on data center and personal computer processors.
Source: https://www.wsj.com/tech/ai/nvidia-ceo-jensen-huang-us-china-relationship-b7d438a7