NEW YORK, December 30, 2025, 4:32 PM ET — After-hours
- Intel shares rose about 1.7% in late trading after the company disclosed Nvidia’s $5 billion investment has been completed.
- A filing showed Intel issued roughly 214.8 million new shares to Nvidia at $23.28 each in a private placement.
- Investors are watching how Intel deploys the cash and whether the Nvidia tie-up turns into shipping products.
Intel (INTC) shares rose about 1.7% to $37.30 in after-hours trading on Tuesday, extending gains from the prior session after the chipmaker confirmed Nvidia’s $5 billion investment has closed.
The confirmation lands as Intel tries to rebuild investor confidence around a turnaround that requires heavy spending on manufacturing and next-generation chip development.
It also crystallizes one of the more unusual alignments in the sector: the world’s leading AI chip company taking a large equity stake in a longtime CPU rival, while both compete for data-center dollars.
In a Form 8-K, Intel said it completed the issuance and sale of 214,776,632 shares of its common stock to Nvidia for $5.0 billion in cash, at $23.28 per share. The company said the sale was done as a private placement, meaning the shares were sold to a specific buyer rather than offered broadly to the public. Intel
A Reuters report on Monday noted that U.S. antitrust agencies cleared Nvidia’s investment in Intel, citing a notice posted by the Federal Trade Commission earlier this month. Reuters
The $23.28 purchase price sits well below where Intel shares traded on Tuesday, a gap that underscores how much Intel’s stock has rebounded since the deal was announced and highlights the dilution tradeoff for existing shareholders as Intel issues new stock.
The investment traces back to September, when Nvidia said the stake would amount to roughly 4% of Intel after the new shares were issued and the companies outlined plans to jointly develop PC and data-center chips, according to a Reuters report at the time. Reuters
“At the time of the September announcement, Gadjo Sevilla, senior AI and tech analyst at eMarketer, called it “a massive game-changer for Intel.” Reuters
On Tuesday, Intel traded between $36.74 and $38.25, with volume around 58.8 million shares, according to market data.
Broader U.S. stocks were subdued in holiday-thin trading, with investors also focused on the Federal Reserve’s meeting minutes for clues on the path of interest rates, a backdrop that can sway high-valuation tech and semiconductor names. Reuters
For Intel, the next leg will hinge on execution: how quickly management can translate fresh capital and a high-profile partner into product momentum, and whether the relationship eventually expands toward Intel’s contract chipmaking ambitions.
Traders are also likely to keep one eye on Intel’s next quarterly results for commentary on cash deployment, spending discipline and demand trends. Earnings calendars list late January dates for Intel’s next report, though the company has not confirmed a specific day. Wallstreethorizon
