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

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 18 September 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Sept. 18. Nvidia announced a $5 billion investment in beleaguered chip maker Intel. WSJ tech policy reporter Amrith Ramkumar discusses what Nvidia hopes to get from the partnership, and whether it’s enough to reverse Intel’s falling fortunes. Plus, the Trump administration has made an emergency request to the Supreme Court to allow it to remove Federal Reserve governor Lisa Cook. We hear from Journal legal affairs reporter Lydia Wheeler about how this might play out before the next Fed meeting in late October. And American Express is raising the annual fee on its Platinum credit card to $895. Personal economics reporter Imani Moise talks about whether that price tag might be worth it to affluent clients. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Business is evolving fast, and hearing how others are adapting can make all the difference.
0:04.8	Hear perspectives from global executives as they share what's working, what's changing, and what they think lies ahead, and on the Executive Insights podcast, available in all major podcast platforms.
0:18.3	What's driving NVIDIA's planned $5 billion investment in Intel?
0:22.6	The timing is fascinating because tomorrow morning, President Trump and Xi and China are chatting about the future of TikTok
0:30.6	and expected to finalize that agreement and trade talks between the U.S. and China are really heating up
0:35.6	and NVIDIA is a huge part of that.
0:42.9	Plus, the Trump administration asks the Supreme Court to let it remove Fed Governor Lisa Cook.
0:48.1	And how American Express is revamping its platinum card to attract big spenders.
0:50.5	It's Thursday, September 18th.
0:53.0	I'm Alex Osala for the Wall Street Journal.
0:55.8	This is the PM edition of What's News,
0:59.3	the top headlines and business stories that move the world today.
1:09.4	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.
1:13.4	The partnership between the world's most valuable company and a chipmaker that has fallen behind rivals
1:18.5	centers on making CPUs, central processing units, the computer brains that power devices from smartphones and laptops to automobiles.
1:26.7	The move comes a month after the U.S. government said it was taking a 10% stake in Intel.
1:32.1	For more, I'm joined now by WSJ Tech Policy Reporter, Amrith Ramkumar.
1:36.6	Amrith, what does Invidia get out of this?
1:38.9	There are a few things.
1:40.1	First, important to note the relationship with the Trump administration and context there.
1:45.5	At this moment, Jensen Huang and Vida's CEO really wants the Trump administration to allow
1:51.3	exports of one of their chips to China, basically a chip built on their blackwall architecture
	...

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