Intel stock climbs as Nvidia finalizes $5 billion stake — what’s next for INTC
Intel shares rose 1.7% to $37.30 in after-hours trading after confirming Nvidia’s $5 billion investment closed. Intel issued about 214.8 million new shares to Nvidia at $23.28 each in a private placement. U.S. antitrust agencies cleared the deal earlier this month. Nvidia’s stake amounts to roughly 4% of Intel after the new shares.