Nvidia invests $5B in Intel, Fed fallout, UK tech push

Intel (INTC) shares surge after Nvidia (NVDA) unveils a $5B investment and chip collaboration, making it one of Intel’s largest shareholders. The move gives Nvidia optionality in PCs and data centers while boosting Intel’s turnaround hopes. Markets also digest the Fed’s quarter-point cut and dot plot signaling two more cuts this year, with Chair Powell calling it a “risk management” move as labor market concerns grow. In London, President Trump and UK Prime Minister Keir Starmer announce a $42B tech prosperity deal, with Microsoft (MSFT), Google (GOOG), and Nvidia pledging major AI infrastructure investments. Meanwhile, Novo Nordisk (NVO) jumps after a study showed Ozempic outperformed Eli Lilly’s (LLY) Trulicity in reducing cardiovascular risk. Alphabet (GOOGL) rises after China drops an antitrust probe into Android, and GE Healthcare (GEHC) explores a multibillion-dollar stake sale of its China unit. Takeaways: Nvidia invests $5B in Intel; chipmakers deepen AI collaboration Fed cuts 25 bps, signals two more in 2025 amid labor market worries Trump and Starmer announce $42B UK tech deal with Microsoft, Google, Nvidia Novo Nordisk rallies on Ozempic data; Alphabet and GE Healthcare gain on China news Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at [e-mail]. Learn more about your ad choices. Visit megaphone.fm/adchoices