10:26 AM EDT, 09/18/2025 (MT Newswires) -- (Updates with Intel ( INTC ) share price movement in the headline and first paragraph and Nvidia ( NVDA ) share price movement in the final paragraph.)

Intel ( INTC ) shares were up over 25% in recent trading Thursday after Nvidia ( NVDA ) said it will invest $5 billion in Intel ( INTC ) stock at $23.28 per share, as part of a collaboration to develop custom data center and personal computing products.

Under the deal, Intel ( INTC ) will build Nvidia's ( NVDA ) custom x86 CPUs for AI infrastructure platforms and new x86 system-on-chips that integrate with Nvidia's ( NVDA ) RTX GPU chiplets, the companies said.

The companies also said the partnership aims to expand their integrated ecosystem and enable new computing breakthroughs across hyperscale, enterprise and consumer markets.

Shares of Nvidia ( NVDA ) were up 3% in recent trading.

Price: 174.90, Change: +4.61, Percent Change: +2.70