Nvidia, Intel sign blockbuster deal to co-develop chips; Nvidia to take $5B stake in Intel (INTC:NASDAQ)

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 3.5% in late morning trading, while Intel