Intel's stock soared 23% on Thursday, its highest single-day jump since 1987, following Nvidia's announcement of a $5 billion investment and a strategic partnership. The collaboration involves joint development of custom products, integrating Intel CPUs into Nvidia's AI infrastructure and Nvidia GPUs into Intel's PC systems. Nvidia's investment, at $23.28 per share, is below Intel's Wednesday closing price but above the government's August agreement. This partnership marks a significant boost for Intel, particularly in the AI sector, after years of struggling against competitors.

Prepared by Christopher Adams and reviewed by editorial team.