US Stock Market Move | Intel Corporation (INTC.US) surges more than 25% with a $5 billion investment from NVIDIA Corporation.

On Thursday, Intel Corporation (INTC.US) soared more than 25%, reaching $31.21. In terms of news, NVIDIA Corporation announced today that it has agreed to invest $5 billion in rival Intel Corporation, and the two companies will jointly develop chips for personal computers (PCs) and data centers, which will help Intel Corporation address current business challenges. NVIDIA Corporation will acquire Intel Corporation common stock at a price of $23.28 per share. According to the cooperation plan, Intel Corporation will use NVIDIA Corporation's graphics processing technology in its next generation PC chips, while also providing processor support for data center products based on NVIDIA Corporation hardware. Analysts say that this injection of funds is significant for Intel Corporation. In recent years, Intel Corporation has been losing ground in the high-performance chip market, unable to bear the huge investment in advanced process research and development with its existing business alone. In the past few months, Intel Corporation has received about 10% ownership support from the U.S. government, a $2 billion strategic investment from SoftBank of Japan, and has accelerated financing through asset sales, with Trump himself acting as a salesman. NVIDIA Corporation's participation further solidifies the financial chain of this long-time chip giant.