According to S&P Global Market Intelligence data, Intel's foundry business did only $17.5 billion in revenue last year, and foundry revenue has been falling for the last two years. The foundry unit also lost $8 billion in 2024 -- meaning for every $1 worth of chips Intel makes on contract for a customer, the company loses about $0.46.

Intel and Nvidia's $5B deal reshapes the chip sector, aiming for $50B growth. Discover its impact on stocks, competition, and investor strategy.

What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) fell 3.7% in the afternoon session after a downgrade from Citigroup analysts cast doubt on the chipmaker's valuation following a massive rally.

Remember how we heard that chip stock Intel ($INTC) was going to need clients if it was going to get anywhere with its foundry processes? New

Intel stock (NASDAQ: INTC) surged 23% on Thursday, September 18, 2025, after a major announcement. Nvidia revealed a $5 billion investment in Intel and a partnership to co-develop new data center and PC products. This collaboration is intended to accelerate workloads and applications across hyperscale, enterprise, and consumer markets.

Intel Corporation and Nvidia Corporation partner on custom AI chips as NVDA invests $5B. Click for how this alliance boosts INTC’s outlook and AI market potential.

Shares of Intel Corp. rallied to a new all-time high on Thursday as investors gobbled up shares after securing a $5 billion investment from technology giant Nvidia Corp.

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.