Jensen Huang Is A ‘Good Friend,’ Says Intel CEO Lip-Bu Tan Amid News Of Partnership With Nvidia: Next Era Of Computing Coming?

On Thursday, Intel Corporation INTC shares jumped by double digits after announcing a major partnership with Nvidia Corporation NVDA.
Intel Stock Rockets On Breakthrough Deal With Nvidia
Intel shares jumped 22.77% to close at $30.57 after unveiling a partnership with Nvidia to co-develop custom chips and next-generation systems.
The stock slipped slightly in after-hours trading, while Nvidia rose 3.49% during the session and added modest gains after hours, according to Benzinga Pro.
The announcement marked Intel’s sharpest rally of the year, lifting its year-to-date gains to more than 52%.
Lip-Bu Tan Praises Collaboration With Jensen Huang
Intel CEO Lip-Bu Tan described the partnership as both personal and strategic.