NVIDIA has today announced it will invest $5 billion in Intel as part of a new collaboration between the two companies. In a statement, NVIDIA said it would work with its ailing rival to “jointly develop multiple generations of custom data center and PC products.”

Shares of Intel soared more than 30% ahead of the opening bell, continuing a head-spinning ride for the technology giant. Nvidia, the world's most valuable company, said that it's buying $5 billion in Intel's common stock at $23.

Intel shares soared early Thursday after the company announced a partnership with Nvidia, which will buy $5 billion of Intel stock.

Fellow no-frills air carrier Frontier also made news yesterday. CEO Barry Biffle dismissed his United Airlines counterpart's argument that the budget airline model is a thing of the past. Biffle's exact choice of words: "That's cute."

Trump’s tariffs continue to affect the global economy and interest rates. Follow along for live updates on the Dow, S&P 500, Nasdaq and other markets.

The executive who leads Intel’s business with the U.S. government said Tuesday that he has “made the difficult decision” to leave the chipmaker, effective Oct. 1.

Nokia Oyj has created a new artificial intelligence department and hired a former Intel Corp. executive to lead a push into the technology, as part of a strategic shift under new Chief Executive Officer Justin Hotard.

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