Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

The investment is the latest in a string of deals that have bolstered Intel, which has struggled in the AI race.

"Having Jensen's blessing is priceless," the Bernstein senior analyst Stacy Rasgon wrote about Nvidia's $5 billion investment in Intel.

Nvidia says it will invest $5 billion in Intel; Treasury yields rally

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.

The next step is for the government to arrange for Intel to go private.  Without the pressure of delivering quarterly earnings for the stockholders of today, a private Intel could divide itself into parts that no longer make sense to be conjoined.

Nvidia and Intel have just announced an entirely unexpected joint venture -- and it's not just for data centers.

At first glance, the deal Intel (INTC -3.25%) just struck with Nvidia (NVDA -0.17%) looks kind of ordinary. Intel will include Nvidia's proprietary technology in custom chips for