Nvidia market value jumps $150bn to $4.28tn after surprise Intel collaboration revealed

Nvidia’s market value jumped by about $150 billion following the surprise news of a sweeping partnership with Intel.

To put things in context, that gain is larger than Intel’s entire market capitalization.

Nvidia’s value climbed from about $4.13 trillion on September 17 to $4.28 trillion a day later. The surge in Nvidia’s market value was around 30 times the size of its $5 billion investment in Intel stock (at $23.28 per share).

A Trump-free deal

The sharp rise reflected investor confidence in the deal, which will see Intel build custom x86 CPUs for Nvidia’s data center platforms, while also producing chips that combine Intel processors with Nvidia RTX GPU chiplets for PCs.

As reported by Tom's Hardware, Nvidia chief executive Jensen Huang said during a joint press conference ...