Intel (NASDAQ:INTC) stock surged on Thursday after unveiling a sweeping partnership with Nvidia (NASDAQ:NVDA) to co-develop custom chips and next-generation systems, a breakthrough that thrusts the long-struggling chipmaker into the center of the artificial intelligence boom and signals a new front in the global race for computing dominance.
Wedbush analyst Dan Ives framed Nvidia and Intel’s collaboration as a game-changing moment that pulls Intel “front and center” into the artificial intelligence race.
