NEW YORK, December 29, 2025, 17:54 ET — After-hours
- Intel shares were up about 1.3% after hours after the company disclosed Nvidia’s $5 billion equity purchase had closed.
- An SEC filing showed Intel sold 214.8 million newly issued shares to Nvidia at $23.28 per share in a private placement.
- Traders are watching for updates on the Intel-Nvidia product roadmap and Intel’s next earnings outlook.
Intel Corp shares were up about 1.3% at $36.68 in after-hours trading on Monday after a regulatory filing confirmed Nvidia’s $5 billion equity purchase had closed.
The completed deal puts fresh cash on Intel’s balance sheet at a time the company is spending heavily on new chipmaking capacity and trying to regain traction in data-center and AI markets. Investors also read Nvidia’s investment as a strategic endorsement of a partnership meant to tie Intel CPUs more closely to Nvidia’s AI accelerators, called GPUs, that power many AI systems.
Intel said in a Form 8-K that it sold 214,776,632 newly issued shares to Nvidia for $5.0 billion in cash, or $23.28 per share, completing a securities purchase agreement signed on Sept. 15.
The shares were issued in a private placement — a direct sale to an investor rather than a public offering — and relied on a registration exemption, the filing said.
Regulatory clearance was the key condition. The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino antitrust review on Dec. 18, a notice on its site showed.
Intel ended regular trading up 1.33% at $36.68, bucking a broader decline in the S&P 500. Trading volume of 36.3 million shares was well below its 50-day average, and the stock remains about 17% under its 52-week high of $44.02.
Nvidia’s $23.28 price was locked in when the companies announced the deal in September. That makes the stake about 37% below Intel’s latest trading level, highlighting the dilution from issuing new shares but also the scale of INTC’s rebound since the agreement.
Alongside the investment, Nvidia and Intel have said they plan to co-develop custom data-center CPUs and PC chips connected with NVLink, Nvidia’s high-speed chip-to-chip link. Nvidia founder and CEO Jensen Huang said the tie-up “tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem.” NVIDIA Newsroom
In September, Reuters reported the companies said the pact would not initially involve Intel’s contract manufacturing business — known as a foundry — making Nvidia’s main computing chips. Intel’s foundry unit was expected to supply the CPUs and advanced packaging for the joint products, keeping investors focused on whether Nvidia becomes a bigger manufacturing customer over time.
Chip stocks were mixed after the bell: Nvidia shares were down about 1.2%, while AMD was slightly higher and U.S.-listed TSMC shares slipped about 0.6%.
For Intel shareholders, the near-term question is how quickly the $5 billion infusion translates into measurable progress — tighter cost control, clearer returns on factory spending and any incremental revenue tied to the Nvidia roadmap. Traders are also watching for follow-on disclosures about product timelines and any large customer commitments for Intel’s foundry services.
Next up will be Intel’s next earnings update; the company has not confirmed a date, but Wall Street Horizon forecasts a Jan. 29 report after the market close. Guidance around margins, capital expenditure and demand in PCs and data centers is likely to drive the next leg for the stock.
