NEW YORK, December 29, 2025, 08:23 ET
- Intel said it completed a $5 billion private sale of shares to Nvidia at $23.28 per share.
- The transaction closes a September deal tied to a joint push on custom data center and PC products.
- Intel’s 2025 stock rally has shifted investor focus to whether its foundry plan can deliver in 2026.
Intel (INTC.O) said it completed the issuance and sale of 214,776,632 shares of its common stock to Nvidia (NVDA.O) for $5.0 billion, finalizing an investment first announced in September. [1]
The closing locks in a $23.28-per-share deal that investors have watched as both a funding boost and a confidence signal from the leading AI chip designer. [2]
It also lands as Intel heads into year-end with its stock up roughly 80% in 2025, pushing debate toward what execution looks like in 2026. [3]
In a [4], Intel said the share sale was completed on Dec. 26 under a securities purchase agreement dated Sept. 15. [5]
Reuters reported that U.S. antitrust agencies cleared Nvidia’s investment earlier in December, with Nvidia down 1.3% in premarket trading while Intel was little changed. [6]
The companies tied the investment to a broader product collaboration unveiled in September. In a [7], Nvidia and Intel said they would co-develop multiple generations of custom data center and PC products, including Intel-built x86 chips designed for Nvidia’s AI infrastructure platforms. [8]
Intel CEO Lip-Bu Tan struck a year-end tone in a [9], writing that “2025 has been a defining year for Intel.” [10]
The closing has fed a fresh round of investor debate captured in recent commentary, including a [11], a [12] and a TS2.tech weekend update. [13]
In that discussion, Intel’s size still stands out. The Motley Fool put Intel’s market capitalization at about $173 billion, well below the largest U.S. tech peers despite the stock’s sharp 2025 rebound. [14]
Much of the scrutiny centers on Intel Foundry, the unit aiming to manufacture chips for outside customers — a business dominated by Taiwan Semiconductor Manufacturing Co. Intel also continues to battle rivals such as Advanced Micro Devices in PCs and servers, while Nvidia leads in AI accelerators. [15]
The deal was structured as a private placement — a non-public share sale — relying on a U.S. securities-law exemption, Intel said in the filing. [16]
For Intel, investors will watch whether the Nvidia partnership translates into product wins and whether its manufacturing push can attract large external customers as 2026 begins — the milestones that will decide whether this year’s rally can last. [17]
References
1. www.intc.com, 2. www.intc.com, 3. www.fool.com, 4. www.intc.com, 5. www.intc.com, 6. www.reuters.com, 7. nvidianews.nvidia.com, 8. nvidianews.nvidia.com, 9. www.linkedin.com, 10. www.linkedin.com, 11. finance.yahoo.com, 12. www.fool.com, 13. www.fool.com, 14. www.fool.com, 15. www.fool.com, 16. www.intc.com, 17. www.fool.com
