Key Takeaways
- Nvidia deployed more than $8 billion into fresh equity positions during Q4 2025
- A $5 billion Intel purchase transformed it into Nvidia’s dominant holding at 60% portfolio weight
- New strategic stakes initiated in semiconductor design leader Synopsys and telecommunications giant Nokia
- Complete liquidation of Arm Holdings position following unsuccessful acquisition bid
- CoreWeave remains in portfolio but witnessed dramatic dilution from 86% to 13% concentration
Nvidia executed a dramatic restructuring of its equity investments throughout Q4 2025. The graphics chip manufacturer established three fresh positions while completely divesting from four existing holdings, based on its recent 13F regulatory disclosure submitted to the SEC.
The mandatory filing reflects portfolio composition as of December 31, 2025, with public disclosure occurring in February 2026. Nvidia shares have appreciated 1.78% during the current year.
Intel Emerges as Dominant Portfolio Position
The most significant transaction involved acquiring 214.8 million Intel shares valued at $5 billion, purchased at $23.28 per share. This Intel position now represents 60.48% of Nvidia’s entire disclosed equity portfolio.
The Intel investment was initially revealed in September 2025 alongside a strategic product collaboration announcement. Both technology giants are working jointly to create customized data center solutions and personal computing innovations.
Through this arrangement, Nvidia gains access to Intel’s CPU architecture and x86 platform capabilities for integration into its artificial intelligence systems. Additionally, the partnership provides Nvidia with domestic U.S. semiconductor manufacturing capabilities.
Intel shares have surged over 44% since Nvidia publicly announced its investment commitment.
Strategic Entry into Synopsys and Nokia
Nvidia’s second-largest fresh investment targets Synopsys, a leading provider of semiconductor design software solutions. The company acquired 4.8 million shares during December 2025 at $414.79 per share, totaling approximately $2 billion.
Synopsys specializes in electronic design automation platforms essential for modern semiconductor development. The company’s shares experienced significant decline in September 2025 following disappointing quarterly results.
HSBC analysts recently revised their Synopsys rating downward to “hold” while reducing the price objective from $545 to $455. The investment bank cited constrained growth prospects and headwinds affecting primary revenue streams through 2026.
Additionally, Nvidia committed roughly $1 billion toward Nokia shares. The Finnish telecommunications equipment manufacturer has pivoted toward supplying networking infrastructure for data centers and cloud computing facilities, marking a substantial evolution from its consumer mobile phone heritage.
Nokia comprises 8.21% of Nvidia’s investment portfolio, ranking as its fourth-largest position. Nvidia CEO Jensen Huang characterized the telecommunications industry as “critical national infrastructure” when announcing the October 2025 investment.
Arm Departure, CoreWeave Position Diluted
Nvidia liquidated its entire Arm Holdings position throughout Q4 2025. The company had previously pursued acquiring Arm through a major acquisition proposal that regulatory authorities ultimately rejected.
CoreWeave, the cloud infrastructure provider, maintained its position with an unchanged 24.2 million shares. Despite this stability, its portfolio representation plummeted from 86.44% in Q3 to merely 13.27% in Q4 due to the substantial Intel acquisition dilution.
CoreWeave shares have rallied 129% following its March 2025 initial public offering. Nvidia established its position before the company’s public market debut.
Nvidia additionally liquidated complete holdings in Applied Digital, Recursion Pharmaceuticals, and WeRide. A minor Yandex stake persists without modification.
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