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Here’s How Bitter Rivals Intel and AMD Are Teaming Up Against Nvidia

November 6, 2017, 3:39 PM UTC

Bitter rivals Advanced Micro Devices and Intel on Monday unveiled a partnership that will help the chipmakers take on Nvidia.

Under the partnership, AMD’s semi-custom graphics chip will be integrated into Intel’s new multi-chip processor package for personal computing.

AMD’s shares were up 6.5% at $11.84 in early trading. Intel was up 1%, while Nvidia was down 0.5%.

Designed by Intel, the new product will integrate an Intel core processor together with a semi-custom radeon graphic chip and second-generation high bandwidth memory (HBM2) into one package, AMD said in a statement.