Intel (INTC) shares have increased by 6.4% in just one day. The stock also remains up by about 25% since mid-September. The gains are driven in part by Nvidia’s move to invest $5 billion into Intel. Besides this,

Key Takeaways Shares of Intel extended their rally Thursday following reports the company is soliciting an investment from Apple after winning a $5 billion pledge from Nvidia last week.Wall Street analysts said they see new developments bringing more gains in the near term,

The partnership would also cover the joint development of AI infrastructures and personal computing products that accelerate applications and workloads across hyperscale, enterprise, and consumer

The Nvidia partnership expands Intel's addressable market by $100B. The business turnaround is still a work in progress. See more on INTC here.

Intel stock surged after reports of early talks between Apple and Intel for a potential investment. Nvidia and SoftBank have already shown interest in Intel.

Intel shares have been on a tear over the past month, after the U.S. government, SoftBank, and then Nvidia all invested in the chipmaker, giving it much-needed votes of confidence as it ramps up its all-important 18A node.

Analysts say the new partnership could help Nvidia in the PC market and offer support to Intel’s server business — though they note the announcement doesn’t mention Intel’s foundry.

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The two companies are partnering in products in the data center and PCs. The move gives Intel a much-needed lifeline. The chip giants announced Thursday that Nvidia would invest $5 billion in Intel at a share price of $23.

Intel (INTC) shares are extending gains on Thursday morning following reports the chipmaker has approached Apple (AAPL) for a strategic investment. The market is reading the news as part of INTC’s broader commitment to regain relevance in the global semiconductor industry.