Shares in Nvidia (NVDA) took a slight tumble on Monday after finalizing its September transaction of purchasing $5B in Intel (INTC) shares. The announcement in early Fall sent waves through the AI stock market, with INTC and NVDA both rallying. However, with the transaction finally being carried out, Intel shares are up with Nvidia stock has dipped just under 2% on Monday.
Nvidia has bought over 214.7 million Intel shares at the price set out in the September agreement, in a private placement, according to Monday’s filing. The latest NVDA dip, however, implies near-term worries, but those are overshadowed by its long-term growth prospects that have been echoed on Wall Street all month.
More on Nvidia’s Intel Deal
Nvidia announced in September that the two companies will focus on seamlessly connecting NVIDIA and Intel architectures using NVIDIA NVLink — integrating the strengths of NVIDIA’s AI and accelerated computing with Intel’s leading CPU technologies and x86 ecosystem to deliver cutting-edge solutions for customers. Nvidia’s stake purchase would represent a roughly 4% stake in Intel and bring recent outside investment in the latter to $16 billion. It also combined with a $10B investment by the US government in Intel as well, hoping to position itself better in the chipmaking race against China.
“AI is powering a new industrial revolution and reinventing every layer of the computing stack — from silicon to systems to software. At the heart of this reinvention is NVIDIA’s CUDA architecture,” said NVIDIA founder and CEO Jensen Huang in September. “This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing.”
Also Read: Amazon (AMZN) 2026 Stock Forecast: Why Wall Street is All-in
Nvidia stock (NVDA) could gain the most from the Artificial Intelligence boom, as a recent report from MarketsandMarkets reveals that the AI chip sector will explode into a $565 billion market by 2032. The growth will be driven mainly by the need for real-time analytics and advanced AI models, the study read. With Nvidia already the company with AI market dominance, this could mean further gains for NVDA stock as well as Intel (INTC) heading into 2026.