Nvidia’s $100 billion OpenAI deal showcases its investment portfolio

Nvidia This week, in 2022, since the arrival of productive artificial intelligence, the biggest investment portfolio has become an agreement with an agreement that Openai will invest $ 100 billion, he said.

This agreement arrived just a week after Nvidia made an investment of 5 billion dollars in a one -time opponent. IntelAnd after the company announced its intention to invest $ 500 million in its self -lasting car starting way And the British cloud provider is £ 500 million ($ 667.7 million) in Nscale, NSCALE.

The frenzy of Nvidia’s investment expenditures emphasizes the rise of the chip manufacturer to the top of the Silicon Valley to the top of the becking order, providing access to the desired artificial intelligence chips in exchange for equality and insight where some of the capital and the hottest AI attempts are going.

If the full Openai investment is completed – it is expected to be performed for an undelected number of years – it represents NVIDIA’s largest investment so far.

NVIDIA announced in August financially filing In the holdings, which are traded to the public, have $ 4,33 billion, Practical digital– Arm– Sunflower seed– Nebius Group– ÖZYİNELING DRUGS And Airy.

Nvidia at the end of July valuable A year ago, $ 1.8 billion cannot be released from $ 3.8 billion.

The majority of NVIDIA portfolio companies have some strategic connections with the company’s business, either develop complementary technology to chips, sell access to their chips or use chips for AI, corporate software or robotics.

However, the fact that NVIDIA is on a closure table does not mean that the disintegrate is one of the customers.

“We don’t need any of the companies we invest in to use NVIDIA technology.” He said.

For example, Nvidia’s agreement with Openai makes it a “preferred” information processing supplier, not a special provider, but to a special provider. Cohere, an institutional AI initiative in which NVIDIA participates in financing tours, announced This week, Nvidia will use AMD chips as well as.

In 2022, Openai launched Chatgpt and informed the wider world of the importance of Nvidia’s graphic processing units. Since then, Nvidia’s market value has grown slightly more than $ 420 billion. The annual income increased by 383% in the financial year of the company’s financial year, which ended in January, from 27 billion dollars in 2023 fiscal years.

According to the CNBC analysis of the NVIDIA, Pitchbook data, Chatgpt’s first release, the year NVIDIA has invested in 16 investments in other companies, including seed tours and incubation officials. Nvidia’s investments rose to 41 in 2024, and in 2025, the chipset made 51 agreements without counting its commitment to Openai.

To be sure, Nvidia is usually only one of the few investors for most of the venture capital transactions. NVIDIA refused to provide CNBC Dollar figures, but numerous initiatives and public capital investments show how central the company’s AI ecosystem has become.

Neuberger Berman Analyst Jamie Zakalik said that Nvidia has increased cash flow from increasing sales from increasing sales and that the regulatory environment around the purchases is still difficult. The Openai agreement is a “win-win” because Nvidia said that she allowed Nvidia to spend some of this cash and gain effect using her chips on the application of artificial intelligence.

Zakalik said, “Nvidia has a lot of capital that will not be a ton of street to do something.” He said.

A Alden Abbott, a research assistant at the Mercatus Center at the University of George Mason, said regulators are not worried about “vertical” investments or acquisitions that a company like NVIDIA, which is like NVIDIA, has a share in a supplier or customer. However, the regulators, AI’nın how fast in this case, in this case unlikely exclusive supply agreements will examine investments, he said.

These investments may also be a clue of companies that NVIDIA may be interested in buying. Earlier this year, chipset manufacturer bought After joining the Centml 2023 seed tour. CNBC, Nvidia’s CEO to hire and licensed technology before spending $ 900 million before spending an infrastructure network company reported to have invested in Sufabrica.

The chip manufacturer invested in Openai, which was not specified in multiple rounds, which valued $ 500 billion. In September, he contributed to the French starting Mistral AI 1.7 billion euros (2 billion dollars) and joined a tour that collected 500 million dollars for Cohere In August And it was a part of a tour that collected $ 307 million for the runway in multiple rounds.

Nvidia reported Former Openai armature Ilya Sutskever joined a laboratory laboratory in April 2, 2 billion dollars. Nvidia also participated in a $ 2 billion financing tour to think of Machine Labs, the company launched by former Openai Business Chief Mira Murati.

Some of Nvidia’s investments have already seen exit. Scale AI, a company that cleanses and creates data for AI initiatives, was an investor. This initiative, CEO and other employees participated in the social media company with meta with a $ 14.3 billion or licensing agreement.

Nvidia also has 7% shares Sunflower seedA cloud provider selling access to Nvidia’s chips. Coreweave made a successful first public offering earlier this year.

Coreweave is one of the Neo-Cloud providers who compete with large cloud companies. Microsoft– Google And Amazon. At the beginning of this month, Coreweave announced an order of $ 6.3 billion from Nvidia.

NVIDIA also joined the Neo-Cloud Provider Lambda Labs’s 480 million dollars D series D tour In February.

Some of Nvidia’s most interesting investments are in companies that develop quantum computers, which is still a theoretical technology that some believe that AI development can charge AI one day. Quantum companies can use Nvidia’s chips to simulate their computers that are not yet available.

Nvidia’s shares in these companies after CEO Jensen Huang apologized to the sector at a NVIDIA conference, one of the stray, after sinking stocks about a pessimistic timeline for technology.

At the beginning of this month, Nvidia’s venture capital branch 1 billion dollars for psquantumand Early Stage Financing for the Chipset Producer Nicidium In September.

The fact that NVIDIA is on a company’s title table can make it more attractive for investors. In recent years, after NVIDIA has announced a risk in public companies, investors have purchased their stocks even with tangent connections with AI. Intel’s shares increased by 18% on the day when Nvidia announced its investment.

Correction: Quantinuum had a tour finance in September. A previous version of the month misunderstood.

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