There is also the UALink Consortium, which AMD helped found as an open standard alternative to Nvidia's NVLink. If adopted, this could break Nvidia's lock on multi-GPU systems and give customers more flexibility to mix and match vendors.

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

Few companies exemplify the stock market's millionaire-making potential better than Nvidia ( NVDA -2.62%). Shares skyrocketed over the last few years as enterprise clients rush to stockpile its advanced graphics processing units for running and training AI algorithms.

Intel’s stock jumped more than 20% Thursday after it announced a $5 billion investment from Nvidia, along with plans to cooperate on new technology for data centers and PCs.

President Trump has signed a proclamation to raise H-1B visa fees to $100,000 annually, impacting both Indian and US tech companies

However, Nvidia’s footing has looked increasingly shaky, especially relative to other AI-linked stocks. A basket of stocks including foundry partner Taiwan Semiconductor Manufacturing, data-storage company Seagate Technology, and memory-chip maker Micron has gained 68.2% since Oct. 31, 2024; Nvidia has gained just 28.3% since then.