Nvidia's investments grow to $99 billion as chip giant becomes major backer of AI companies

Nvidia now reports $99 billion in equity holdings, extending its influence beyond GPU sales into the companies building and operating AI systems. Its portfolio spans AI labs, cloud providers, and infrastructure businesses, giving the chipmaker exposure to rising compute demand across multiple layers of the stack. For builders, the investment scale matters because Nvidia is increasingly both a supplier and a financial backer to its customers and partners. That can accelerate access to capital and infrastructure for portfolio companies, while reinforcing demand for Nvidia hardware and software. It also raises practical questions about vendor concentration, competitive neutrality, and how much of the AI sector's growth is tied to one company's technology and balance sheet.