NEW YORK, December 29, 2025, 09:35 ET — Regular session
- Nvidia shares fell about 1.4% in early trading after a filing detailed its completed $5 billion investment in Intel. 1
- Intel said it issued 214.8 million shares to Nvidia at $23.28 per share in a private placement that closed on Dec. 26. 2
- Investors are watching thin year-end trading, upcoming Fed minutes, and Nvidia’s next earnings on Feb. 25. 3
Nvidia shares were down about 1.4% at $187.92 in early U.S. trading on Monday after Intel disclosed details of a $5 billion share sale to the AI chipmaker. 1
The disclosure matters now because it confirms the cash outlay and turns a headline September agreement into an executed equity stake, even as investors reassess big-cap tech positions into year-end. 2
It also puts a fresh spotlight on Nvidia’s capital allocation and on its strategic ties with Intel at a time when chip stocks have been a major driver of U.S. equity gains this year. 3
Intel said in a Form 8-K — a U.S. securities filing used to report significant corporate events — that it completed the issuance and sale of 214,776,632 shares to Nvidia on Dec. 26 for $5.0 billion in cash, or $23.28 per share. 2
The company said the shares were sold in a private placement, meaning they were issued directly to an investor rather than offered to the public market. 2
Reuters reported earlier that U.S. antitrust authorities had cleared Nvidia’s investment in Intel, after the Federal Trade Commission posted a notice earlier this month. 4
Intel shares were little changed in early trading, while Nvidia extended a pullback that began in premarket moves across several AI-linked names. 4
The agreed price of $23.28 per Intel share sits well below Intel’s trading level around $36 on Monday, underlining how far Intel has rallied since the pact was announced. 2
Nvidia’s stock is up about 42% so far this year, but it has been sensitive to shifts in risk appetite and valuation concerns in the final stretch of 2025. 1
More broadly, Wall Street’s main indexes were set to start the final week of the year on a softer note, with trading expected to be light and U.S. markets shut on Thursday for New Year’s Day. 3
On the macro calendar, minutes from the Federal Reserve’s previous meeting and the weekly jobless claims report are among the main scheduled data points this week. 3
Some investors are also parsing separate AI-infrastructure dealmaking around Nvidia’s ecosystem. Bernstein Research analyst Stacy Rasgon wrote that one licensing-style structure “could ‘keep the fiction of competition alive’,” according to Axios. 5
For Nvidia-specific catalysts, the next big scheduled event is its fourth-quarter fiscal 2026 financial results on Feb. 25, according to the company’s investor calendar. 6
Until then, traders are likely to watch whether the Intel stake triggers follow-on disclosures and whether the broader “AI-linked” trade stabilizes as liquidity thins into the holiday. 2
