Key Takeaways
- Nvidia acquired 214.8 million Intel shares valued at $5 billion, establishing it as the portfolio’s dominant position
- A $2 billion investment in Synopsys, a semiconductor design software provider, was launched
- Nokia received approximately $1 billion in investment, capitalizing on its data center networking business
- The company completely divested from Arm Holdings following an unsuccessful acquisition bid
- CoreWeave’s portfolio allocation decreased dramatically from 86% to 13% following the Intel acquisition
During the fourth quarter of 2025, Nvidia executed significant portfolio restructuring moves. The semiconductor giant established fresh positions in Intel, Synopsys, and Nokia while completely divesting from Arm Holdings and several other holdings.
The chipmaker’s most substantial move involved acquiring 214.8 million Intel shares throughout Q4 2025. This purchase aligned with Nvidia’s September 2025 announcement of a $5 billion investment, with shares purchased at $23.28 apiece.
This Intel investment now represents 60.48% of Nvidia’s publicly disclosed holdings. Since the investment announcement, Intel’s share price has climbed over 44%.
The collaboration between these tech giants focuses on creating specialized data center and personal computing solutions. Nvidia plans to incorporate Intel’s CPU technology and x86 architecture into its artificial intelligence platforms.
This strategic alliance also provides Nvidia with domestic chip production capabilities. Industry observers view this as particularly valuable amid persistent supply chain vulnerabilities.
Nvidia’s second-biggest fresh investment targets Synopsys, a semiconductor design software specialist. The company purchased 4.8 million shares for approximately $2 billion during December 2025 at $414.79 per share.
Synopsys specializes in electronic design automation tools essential for semiconductor development. The company’s stock experienced a significant decline in September 2025 following disappointing earnings results.
Recently, HSBC adjusted its Synopsys rating to “hold” while reducing its price objective from $545 to $455. The financial institution pointed to scarce near-term growth opportunities and challenges across core operations expected in 2026.
Expanding Into Networking and Design Software
Nvidia established a position worth roughly $1 billion in Nokia. The Finnish telecommunications pioneer has pivoted from consumer phones to supplying networking infrastructure for data centers and cloud service providers.
The Nokia investment was revealed in October 2025. Nokia currently comprises 8.21% of Nvidia’s holdings, ranking as its fourth-largest position.
According to Nvidia CEO Jensen Huang, the collaboration focuses on developing more intelligent telecommunications networks. He characterized telecoms as “critical national infrastructure.”
Exiting Arm, Maintaining CoreWeave Position
Nvidia eliminated its entire Arm Holdings position. The company had previously attempted to acquire Arm but faced regulatory opposition that ultimately blocked the deal.
CoreWeave, the cloud computing infrastructure provider, continues as a portfolio component with 24.2 million shares held. However, its proportional representation plummeted from 86.44% in Q3 to 13.27% in Q4 due to the substantial Intel acquisition.
CoreWeave shares have surged 129% since the company’s March 2025 public debut. Nvidia initially invested in CoreWeave prior to its initial public offering.
Additionally, Nvidia liquidated its complete holdings in Applied Digital, Recursion Pharmaceuticals, and WeRide. A modest, unchanged position in Yandex was retained.
Nvidia’s stock has gained 1.78% year to date. The 13F regulatory filing, reflecting positions held as of December 31, 2025, was made public in February 2026.
