Nvidia invested $5 billion in Intel shares at $23.28 each, quickly turning that into a value of $7.58 billion as Intel's stock rose to $36.68. The deal, approved by the FTC, aims to develop new chips for data centers and PCs, enhancing collaboration between the two companies.

NVIDIA and Intel have announced a collaboration to develop Intel x86 RTX SoCs for PCs that will utilize NVIDIA graphics. Additionally, NVIDIA is purchasing $5 billion in Intel stock, marking a significant investment and partnership between the two tech giants, along with the introduction of custom NVIDIA data center x86 processors.

The article discusses a significant $5 billion deal between Nvidia and Intel, detailing the motivations behind this collaboration and its potential implications for the semiconductor industry. It highlights comments from key executives Jensen Huang and Lip-Bu Tan, as well as the competitive landscape involving AMD.