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.
- Intel said it issued 214.8 million shares to Nvidia at $23.28 per share in a private placement that closed on Dec. 26.
- Investors are watching thin year-end trading, upcoming Fed minutes, and Nvidia’s next earnings on Feb. 25.
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.
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.
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.
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.
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.
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.
Intel shares were little changed in early trading, while Nvidia extended a pullback that began in premarket moves across several AI-linked names.
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.
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.
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.
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.
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. Axios
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.
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. Intel Corporation+1
