Intel stock ticks higher after Nvidia’s $5 billion stake is finalized
Intel completed a $5 billion private sale of 214.8 million new shares to Nvidia at $23.28 each, a 36% discount to Monday’s close. Intel shares rose 0.5% to $36.39. U.S. antitrust agencies cleared the deal earlier in December. Investors await updates on the companies’ joint chip roadmap.