Nvidia has agreed to buy a $5 billion stake in Intel as part of a broader deal to together develop "multiple generations" of data center and PC products. Nvidia will acquire the Intel stock for $23.28 per share, a slight discount on the companies previous trading price. According to Reuters, the deal would make Nvidia one of Intel's largest shareholders, owning about 4% of the company. Intel shares were up as much as 30% in early trading on Thursday morning.