Nvidia now holds $99bn in shares of the companies that buy its chips

Nvidia now holds $99 billion in equity stakes in companies that buy its chips, up from $7 billion a year earlier and $2.2 billion two years prior. The holdings split evenly between publicly traded securities ($48 billion) and private, non-marketable investments ($48 billion), including $30 billion in OpenAI, $21 billion in SpaceX, and $30 billion in Intel. The company has committed over $40 billion to financing deals in 2026 and announced a $12.93 billion acquisition of Hugging Face, while also backing several AI labs and photonics firms.