Intel stock rises after Nvidia closes $5 billion share purchase — what’s next for INTC
Intel shares rose 1.3% to $36.68 in after-hours trading after the company disclosed it sold 214.8 million new shares to Nvidia for $5 billion in cash. The private placement closed after U.S. antitrust clearance. Nvidia paid $23.28 per share, well below Intel’s current price. Traders are watching for updates on joint chip products and Intel’s next earnings outlook.