Intel(INTC) stock price soars by 9%, Nvidia(Nvidia) stock price rises by 2%, mainly thanks to successful collaboration

2026-01-07 17:30:45

Intel (INTC) and Nvidia (NVDA) saw their stock prices rise on Wednesday after the two companies announced progress in their collaboration from December of last year. Under the partnership agreement, Nvidia agreed to purchase $5 billion worth of Intel stock, acquiring approximately 4% ownership. This collaboration will integrate Nvidia’s AI and NVLink technologies with Intel’s CPU and x86 ecosystem, supported by recent external investments totaling $16 billion, including $10 billion from the U.S. government. At CES, Intel unveiled Panther Lake laptop chips manufactured using the 18A process, claiming a 60% performance improvement over Lunar Lake Series 2. CEO Pat Gelsinger confirmed that the first batch of 18A process chips will begin shipping in 2025. Despite strong market momentum, analysts’ opinions vary: Loop Capital and Rosenblatt set a target price of $25, while Truist’s target is $39.

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