Nvidia gives an update on the deal seen as a major financial lifeline for Intel
Nvidia closed its $5 billion investment in Intel on December 26, acquiring 214.8 million shares at $23.28 each—36% below Intel’s trading price at the time of announcement. The transaction, cleared by the Federal Trade Commission earlier this month, marks a pivotal moment for Intel as it battles to reverse years of declining market dominance and financial strain.
The deal transforms Nvidia into a roughly 4% Intel shareholder while providing Intel with desperately needed capital and credibility. Intel’s stock has jumped 45% since September’s announcement, though both companies dipped in Monday trading—Nvidia down 1.8% and Intel up just 0.5%.
