Intel soars 30% as Nvidia set to invest $5 billion

** Shares of Chipmaker Intel INTC soars 30.3% to $32.45 premarket after Nvidia NVDA said it will invest $5 billion in the chipmaker

** The partnership includes a plan for Intel and Nvidia to jointly develop PC and data center chips

** NVDA will pay $23.28 per share for Intel common stock, a price slightly below the $24.90 at which INTC shares last closed on Wednesday

** Shares of NVDA up 3.3% at 175.94 premarket, while Intel rival AMD falls 4.7% to $151.88

** Up to last close, INTC up 24.2% YTD while NVDA up 28.8%