What’s Behind Nvidia’s $5 Billion Bet on Intel

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  What's driving Nvidia's planned $5 billion investment in Intel?

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  The timing is fascinating

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  because tomorrow morning President Trump and Xi in China are chatting about the future of TikTok and expected to finalize that agreement and trade talks between the U.S. and China are really heating up and Nvidia is a huge part of that.

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  Plus, the Trump administration asks the Supreme Court to let it remove Fed Governor Lisa Cook.

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  and how American Express is revamping its platinum card to attract big spenders.

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  It's Thursday, September 18th.

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  I'm Alex Osila for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  Shares in Intel were up more than 20% today after Nvidia said it would invest $5 billion in the company's shares at a discount to yesterday's closing price.

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  The partnership between the world's most valuable company and a chip maker that has fallen behind rivals centers on making CPUs,

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  central processing units,

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  the computer brains that powered devices from smartphones and laptops to automobiles.

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  The move comes a month after the U.S. government said it was taking a 10% stake in Intel.

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  For more, I'm joined now by WSJ Tech Policy Reporter, Amrith Ramkumar.

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  Amrith, what does NVIDIA get out of this?

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