NEW YORK, December 29, 2025, 15:00 ET — Regular session
- Nvidia fell after Intel disclosed a $5 billion share purchase by the AI-chip leader.
- AI-linked names slid with megacap tech; Palantir, Broadcom and Oracle were lower.
- DigitalBridge surged after SoftBank agreed to buy the digital-infrastructure investor for $4 billion.
Nvidia shares slid on Monday after Intel disclosed in a filing that the AI-chip designer had completed a $5 billion investment in the chipmaker, as a broader retreat in heavyweight technology stocks weighed on AI-linked names.
The move matters now because AI leaders have been central to this year’s U.S. equity run, and thin holiday trading can magnify swings as investors adjust positions into year-end.
Investors are also tracking big-ticket infrastructure and partnership moves for clues on where the next wave of AI spending will land in 2026 — in chips, servers and the data centers that house them.
Nvidia was down 1.5% at $187.59 in afternoon trade. Intel rose 1.1%, while AMD was little changed and Broadcom slipped 0.6%.
Intel said Nvidia bought more than 214.7 million shares at $23.28 per share, carrying out a transaction announced in September. The shares were sold in a private placement — a deal with a limited set of investors rather than an open-market sale — and U.S. antitrust agencies cleared the investment earlier this month, Reuters reported.
The stake has been widely viewed as a financial boost for Intel, which has faced pressure as costly efforts to expand production capacity strained its finances, Reuters said.
AI software names also tracked the sector lower. Palantir fell 1.8%, while C3.ai and SoundHound were down about 0.7% and 3.0%, respectively.
Big cloud and AI spenders were softer as well, with Microsoft and Alphabet each down about 0.2%. Taiwan Semiconductor, a key supplier for advanced AI chips, slipped 0.9%.
Digital infrastructure bucked the trend. DigitalBridge jumped 9.7% after SoftBank Group agreed to acquire the firm in a deal valued at $4 billion, Reuters reported.
“It’ll turn out to be a buying opportunity,” said Hank Smith, director and head of investment strategy at Haverford Trust, referring to Monday’s dip in technology shares. Reuters
Traders are looking next to the Federal Reserve’s meeting minutes — the detailed record of its last policy discussion — and a weekly reading on jobless claims, with U.S. markets closed Thursday for New Year’s Day, Reuters said.
Attention will also turn to CES 2026 in Las Vegas on Jan. 6-9, a key early-January showcase where chip and hardware makers often lay out product roadmaps that can shift sentiment around the AI spending cycle.
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