Intel shares skyrocket on $5-billion NVIDIA deal: 10 things to know
Published on 18/09/2025 10:26 PM
Intel shares surged 30 per cent to $32.38 apiece in Thursday's morning trade on Wall Street after NVIDIA announced it would invest $5 billion in the company to co-develop data centre and PC chips. The news added further momentum to the stock, which had already rallied last month after the Trump 2.0 administration brokered a 10 per cent government stake in Intel.
Thursday's surge marks Intel’s best single-day gain in nearly three decades. The stock opened at $31.78 -- up 27.7 per cent -- and extended intraday gains to hit $32.38 in the first half of the session.
The spike represents a nearly 79 per cent rebound from a decade-low earlier this year, according to provisional exchange data.
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NVIDIA shares also rose, gaining 3.7 per cent to an intraday high of $176.6 apiece.
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