Nvidia completes $5 billion investment in Intel

Nvidia has completed its purchase of $5 billion worth of Intel shares, finalising a deal first announced in September, as per a recent report by Reuters.

According to a regulatory filing, the leading AI chip designer bought over 214.7 million shares of Intel common stock at $23.28 per share in a private placement. 

The transaction provides a significant financial infusion for Intel, which has faced financial pressure from strategic challenges and costly investments in new manufacturing capacity, states the Reuters report.

US antitrust regulators cleared the investment earlier this month. Following the announcement, Nvidia's stock fell 1.3% in premarket trading, while Intel's share price showed little movement.