Nvidia is investing $5 billion in Intel. The news comes after the US government took a roughly 10 percent equity stake in the struggling chipmaker.

The Rubin CPX will complement the standard Rubin AI Graphics Processing Unit (GPU) in providing high-value inference content generation at a more cost-efficient price.

U.S. chip designer Nvidia has signed a letter of intent for a possible $500 million investment in the next funding round at Britain's Wayve, the autonomous driving technology group said on Thursday.

Nvidia will invest $5 billion in its competitor Intel to further intertwine Nvidia’s AI-boosting chips and Intel’s x86 architecture and CPUs. The companies will work together on several generations of data center and PC infrastructure, both companies announced on Thursday.

While Nvidia has refrained from making splashy acquisitions, it's taking stakes in other AI firms, making sure they continue orbiting around it.

Intel stock soared 28% at Thursday's market open on news of a partnership with Nvidia.Nvidia committed to invest $5 billion in Intel stock as part of the collaboration.Nvidia CEO Jensen Huang hailed the deal as a "fusion of two world-class platforms.

The company’s performance in China has been heavily restricted by the U.S. government, beginning with former President Joe Biden’s administration. Since September 2022, the US has allowed Nvidia to sell only a relatively low-powered chip in China, the H20 server chip.