US stocks surge | Intel (INTC.US) surges more than 25% and receives a $5 billion investment from Nvidia

According to the Zhitong Finance and Economics APP, on Thursday, Intel (INTC.US) surged more than 25%, reaching $31.21. In terms of news, Nvidia announced today that it has agreed to invest $5 billion in its competitor Intel, and the two sides will jointly develop chips for personal computers (PC) and data centers, which will help Intel to address current business challenges. Nvidia will purchase Intel common stock at a price of $23.28 per share. According to the cooperation plan, Intel will adopt Nvidia's graphics processing technology in its next generation PC chips, while providing processor support for data center products based on Nvidia hardware.