NEW YORK, December 31, 2025, 12:43 ET — Regular session.
- Intel shares were little changed in midday trading, holding near recent highs.
- Investors continued to digest a regulatory filing confirming Nvidia completed its $5 billion Intel share purchase.
- Focus now shifts to how Intel deploys the cash and what it says next about execution and timing.
Intel (INTC) shares were up about 0.2% at $37.39 in midday trade on Wednesday, after a regulatory filing confirmed Nvidia had completed a $5 billion purchase of Intel stock. The shares have traded between $37.12 and $38.01 so far in the session.
The disclosure matters because Intel is still in a capital-heavy rebuild, trying to fund manufacturing expansion while defending its core PC and server chip franchises against increasingly tough competition.
It also keeps the spotlight on a rare strategic tie-up between two long-time rivals. Equity investments of this size can change how investors think about staying power and leverage, even when day-to-day trading is muted.
Intel said in a Form 8-K filing that it completed the issuance and sale of 214,776,632 shares of common stock to Nvidia on Dec. 26 for $5.0 billion in cash, at $23.28 per share, under a September purchase agreement. An 8-K is a required U.S. securities filing used to report significant corporate events, and the company said the sale was a private placement — a direct share sale to a buyer rather than a public offering.
Chip stocks were mixed but mostly firmer on the day, with Nvidia up about 0.7%, AMD up about 0.3% and U.S.-listed TSMC up about 2.2%. Nvidia was also in focus after Reuters reported it was pressing TSMC to boost production of its H200 chips to meet demand from China, a development that helped keep attention on AI-related semiconductor supply chains.
The Nvidia-Intel tie-up includes a technology partnership announced in September. Nvidia and Intel said they planned to connect their architectures using Nvidia’s NVLink and develop multiple generations of products, including Intel-built x86 CPUs customized for Nvidia’s data-center platforms and PC chips integrating Nvidia RTX GPU “chiplets” (small modular pieces of silicon used to build larger processors). Intel CEO Lip-Bu Tan said the combination of Intel platforms and manufacturing capabilities would “enable new breakthroughs for the industry.” NVIDIA Investor Relations
For Intel investors, the immediate trade-off is straightforward: issuing new shares brings cash but dilutes existing holders by increasing the share count. The bigger question is whether the cash and partnership translate into sustainable improvement in product competitiveness and margins.
Competitive pressure remains a constant backdrop. AMD has steadily gained ground in server CPUs in recent years, while Nvidia dominates AI accelerators, and Intel is trying to prove its manufacturing roadmap can support both internal chips and outside customers.
Intel’s stock has climbed roughly 80% so far in 2025, supported by a string of funding and partnership headlines, and investors have been quick to reassess the company’s ability to finance its turnaround.
The next major check-in is Intel’s quarterly update. Intel has not confirmed its next earnings date, but calendars from Nasdaq and Yahoo Finance indicate an expected report around Jan. 29, after the close. Investors will be watching for updates on margins, cash use and any timeline signals tied to products that incorporate Nvidia technology.
