NVIDIA has become the defining company of the artificial intelligence revolution, transforming from a graphics chip producer into one of the most influential firms in the global economy. With a market capitalization exceeding $4 trillion, the company dominates GPU design, data center infrastructure, and AI acceleration. But beyond its core business of chipmaking, NVIDIA is also an active investor, holding a stock portfolio valued at approximately $4.33 billion.

An in-depth look at this portfolio reveals that it is far from a traditional financial investment. Instead, it represents a carefully curated ecosystem of companies that complement NVIDIA’s ambitions in AI, data infrastructure, biotechnology, and autonomous vehicles. Each stake is designed not only to generate financial returns but also to strengthen NVIDIA’s strategic position in industries that rely heavily on its technology.

CoreWeave – The Heart of the Portfolio

The overwhelming majority of NVIDIA’s portfolio, more than 91%, is concentrated in CoreWeave, a cloud infrastructure company built specifically around GPU computing. CoreWeave has quickly emerged as a leading player in AI cloud services, offering enterprises specialized access to NVIDIA-powered servers for machine learning, rendering, and high-performance computing.

This investment is highly strategic. While hyperscalers like Amazon’s AWS, Microsoft Azure, and Google Cloud also offer GPU cloud services, CoreWeave was purpose-built around NVIDIA hardware. That means NVIDIA gains not only steady demand for its GPUs but also a direct presence in the fast-growing AI cloud sector, without competing head-to-head against the world’s largest cloud providers.

By holding such a large stake in CoreWeave, NVIDIA effectively ensures that it has a dedicated partner capable of scaling GPU infrastructure for next-generation AI workloads. Analysts often describe CoreWeave as potentially becoming the “AWS of AI,” and NVIDIA’s dominant position as its largest shareholder underscores just how critical this company is to its long-term strategy.

ARM Holdings – A Long-Term Bet on Architecture

The second-largest holding in the portfolio is ARM Holdings, representing about 4.11% of NVIDIA’s investment value. ARM is the world’s most influential chip architecture designer, with its technology powering nearly every smartphone in existence and increasingly making inroads into data centers and PCs.

NVIDIA attempted to acquire ARM outright in 2020 for $40 billion, but regulatory opposition blocked the deal. By holding equity in ARM, NVIDIA has at least secured partial exposure to this critical technology provider. ARM’s architecture is becoming more relevant as companies look for energy-efficient processors for AI and cloud computing. By aligning itself financially with ARM, NVIDIA maintains influence over a company that sits at the center of the semiconductor industry.

Applied Digital – Data Infrastructure for the AI Era

About 1.79% of NVIDIA’s portfolio is invested in Applied Digital Corporation, a company that provides advanced data center infrastructure. Applied Digital focuses on high-performance workloads that are critical for training and running AI models.

This investment reinforces NVIDIA’s central role in powering the data economy. As demand for AI compute accelerates, so too does the need for specialized data centers designed to handle GPU workloads. By investing in Applied Digital, NVIDIA ensures that infrastructure partners remain aligned with its hardware roadmap.

Nebius – Expanding AI Cloud Horizons

Another cloud player in NVIDIA’s portfolio is Nebius Group, representing 1.52% of its holdings. Like CoreWeave, Nebius specializes in providing infrastructure tailored for AI development, although it operates more in international markets.

This investment reflects NVIDIA’s strategy to diversify its exposure beyond the United States and secure partnerships in emerging AI cloud ecosystems. With AI adoption spreading globally, aligning with multiple cloud providers positions NVIDIA as a central supplier of compute capacity no matter where growth occurs.

Recursion Pharmaceuticals – The Convergence of AI and Biotech

NVIDIA’s 0.90% stake in Recursion Pharmaceuticals highlights the company’s interest in industries beyond traditional technology. Recursion is a biotechnology firm that applies machine learning to drug discovery, aiming to accelerate the identification of promising compounds and reduce the time and cost of pharmaceutical development.

The significance of this investment lies in its alignment with NVIDIA’s AI strategy. Drug discovery increasingly relies on massive datasets and GPU-powered computing to simulate biological processes. By investing in Recursion, NVIDIA not only supports a high-growth biotech player but also embeds itself into one of the most transformative applications of AI: healthcare.

WeRide – A Play on Autonomous Vehicles

The smallest but strategically important holding in NVIDIA’s portfolio is WeRide, a Chinese company developing autonomous driving technology. At 0.32% of the portfolio, this is a relatively minor position, yet it ties directly to NVIDIA’s ambitions in automotive AI.

NVIDIA’s DRIVE platform already supplies processors and software to automakers pursuing self-driving capabilities. An equity stake in WeRide complements this effort by giving NVIDIA exposure to real-world autonomous driving applications and data. With self-driving cars seen as one of the most demanding AI workloads, NVIDIA’s involvement ensures it remains a leader in this emerging industry.

Beyond Financial Returns – Building an AI Ecosystem

When viewed in its entirety, NVIDIA’s portfolio does not resemble that of a typical institutional investor. Instead, it represents a deliberate effort to shape the ecosystem around AI and GPU computing.

CoreWeave ensures GPU cloud infrastructure remains widely accessible. ARM aligns NVIDIA with the world’s most important semiconductor architecture. Applied Digital and Nebius strengthen the physical backbone of AI data processing. Recursion bridges AI with biotech, while WeRide pushes NVIDIA deeper into the automotive future.

Together, these holdings form a strategic web that magnifies NVIDIA’s influence far beyond chip sales. They allow the company to embed itself into multiple industries that will depend on AI acceleration in the coming decades.

The Relative Size – Small but Mighty

At $4.33 billion, the value of NVIDIA’s stock portfolio is small compared to its $4 trillion market cap. On paper, these investments are financially minor. However, their strategic significance is far greater than their size suggests.

For NVIDIA, these holdings are not about diversifying risk or generating short-term profits. They are about cementing its dominance in AI by ensuring that every critical layer of the ecosystem, from hardware to cloud to applications, has NVIDIA’s fingerprints on it.

Conclusion

NVIDIA’s stock portfolio demonstrates a vision that extends well beyond the sale of GPUs. Through concentrated bets on companies like CoreWeave, ARM, Applied Digital, Nebius, Recursion, and WeRide, the company is building an interconnected ecosystem that guarantees long-term relevance in AI, cloud computing, biotech, and autonomous driving.

Rather than spreading its capital thin across a wide range of industries, NVIDIA has deliberately chosen companies that enhance its competitive advantage. Its $4.33 billion portfolio may look small relative to its valuation, but strategically it is enormous. These investments ensure that NVIDIA is not just a hardware vendor but a foundational architect of the digital economy of the future.

By aligning its portfolio with its core mission, NVIDIA has once again shown that its greatest strength is not just producing chips, but anticipating the industries where those chips will reshape the world.