Contents
Key Highlights
- Nvidia deployed more than $8 billion into fresh equity positions during Q4 2025
- A massive $5 billion Intel purchase now represents 60% of Nvidia’s disclosed holdings
- Fresh investments include semiconductor design software provider Synopsys and telecommunications giant Nokia
- Complete divestment from Arm Holdings marks end of relationship following regulatory roadblocks
- CoreWeave remains in portfolio but dropped from 86% portfolio weight to 13% after Intel addition
The fourth quarter of 2025 marked a dramatic transformation in Nvidia’s equity investment strategy. The semiconductor giant established three new positions while divesting from four companies, as revealed in its most recent 13F regulatory submission to the Securities and Exchange Commission.
The regulatory document reflects portfolio positions held through December 31, 2025, with public disclosure occurring in February 2026. Nvidia shares have gained 1.78% so far this year.
Intel Becomes Dominant Portfolio Position
The most significant transaction involved acquiring 214.8 million Intel shares, valued at $5 billion based on a $23.28 share price. This position now represents 60.48% of Nvidia’s entire reported investment portfolio.
The chipmaker initially revealed its Intel investment plans in September 2025, framing it as a strategic product collaboration. Both technology companies intend to jointly create customized solutions for data center infrastructure and consumer computing markets.
Through this arrangement, Nvidia gains access to Intel’s central processing unit architecture and the broader x86 computing environment for integration into its artificial intelligence systems. The collaboration additionally provides Nvidia with domestic semiconductor fabrication capabilities.
Intel’s market value has surged over 44% following the initial announcement of Nvidia’s investment commitment.
Strategic Entries into Synopsys and Nokia
The second-largest fresh investment targets Synopsys, a leading provider of semiconductor design tools. Nvidia acquired 4.8 million shares during December 2025 at $414.79 per share, totaling approximately $2 billion.
Synopsys specializes in electronic design automation platforms that enable chip development. The company’s shares experienced significant decline in September 2025 following disappointing financial results.
HSBC analysts recently revised their Synopsys rating to “hold” while reducing their price target from $545 down to $455. The investment bank cited constrained short-term expansion prospects and challenges affecting primary revenue streams entering 2026.
Nvidia additionally allocated roughly $1 billion toward Nokia. The Finnish telecommunications company has pivoted to providing network infrastructure for data center and cloud computing operations, dramatically shifting from its consumer mobile device heritage.
Nokia constitutes 8.21% of Nvidia’s investment holdings, ranking as its fourth-largest position. Nvidia’s CEO Jensen Huang characterized the telecommunications industry as “critical national infrastructure” when announcing the investment during October 2025.
Arm Departure, CoreWeave Percentage Drops
Nvidia liquidated its entire position in Arm Holdings throughout Q4 2025. The relationship between the companies soured after Nvidia’s acquisition proposal faced rejection from competition authorities.
CoreWeave, the specialized cloud infrastructure provider, maintained its position with an unchanged 24.2 million shares. Nevertheless, its portfolio weighting plummeted from 86.44% during Q3 to merely 13.27% in Q4 following the substantial Intel acquisition.
CoreWeave shares have appreciated 129% since the company’s initial public offering in March 2025. Nvidia established its position prior to the public market debut.
Nvidia additionally liquidated complete holdings in Applied Digital, Recursion Pharmaceuticals, and WeRide. A minor Yandex stake persists without modification.
