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.

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

Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) announced a blockbuster deal on Thursday to co-develop PC and data center chips. Simultaneously, Nvidia said it would take a $5B stake in Intel. Nvidia shares rose 3.

After the deeply bearish market reaction to Intel's costly investments and struggling product development, the Nvidia-powered range of custom chips could spark a terrific turnaround. Investors sure expect something big -- Intel's stock jumped to a new 52-week high on the news, more than 71% above the recent multiyear lows.

U.S. stock index futures gained on Thursday, with those tied to the S&P 500 and the Nasdaq at record highs a day after the U.S. central bank delivered a quarter-point interest rate cut, while Intel climbed after Nvidia decided to build a stake in the company.

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

Nvidia's $5 billion investment in Intel, announced Thursday, is a major Silicon Valley shake-up that could have wide-ranging effects.

Undoubtedly, the word that chip stock Intel (INTC) was in line to land a major investment from rival Nvidia (NVDA) was one of the biggest things in markets this week. In fact, new reports suggest that this clear blessing will deliver a lot of impact to Intel,

Intel's (NASDAQ:INTC) deal with Nvidia (NASDAQ:NVDA) to co-develop PC and data center chips could have major implications for Astera Labs (NASDAQ:ALAB), but it's unclear exactly what they are at this point,

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.