Wall Street tacked on some more gains Friday as it glided to the finish of its latest record-setting week. The S&P 500 rose 0.5% to close out its sixth winning week in the last seven. The Dow Jones Industrial Average added 172 points,

Wall Street rolled to more records on Thursday as Nvidia and Intel led a rally for technology stocks after announcing a deal that includes a $5 billion investment. The S&P 500 rose 0.5% and is on track for a third straight winning week.

With the Intel deal, Nvidia may have just secured its computing dominance. If you were to look only at Wall Street’s reaction to Nvidia’s $5 billion investment in Intel on Thursday, it would be easy to assume Intel had gained the most from the deal.

Wall Street nudged higher in early trading as markets try to close out another record-setting week with gains. Futures for the S&P 500 and Nasdaq each rose 0.1% before the

Intel’s stock jumped more than 20% Thursday after it announced a $5 billion investment from Nvidia, along with plans to cooperate on new technology for data centers and PCs. The deal is a tremendous boost for Intel because Nvidia’s chips dominate the market for artificial intelligence,

Nvidia said Thursday it would invest $5 billion in Intel at a purchase price of $23.28 a share as part of an agreement that will see the technology companies co-develop “multiple generations of custom data center and PC products.

Going back a half-decade, Intel (INTC) stock was down over 31% over that time frame through Wednesday. The stock rocketed 30% Thursday on news that Nvidia would buy $5 bln in INTC shares.

Intel stock jumps 23% after Nvidia’s $5B AI-focused investment deal. Learn how this partnership boosts INTC’s Data Center prospects and future growth.