Nvidia quietly boosts its bet on an AI infrastructure favorite todayheadline

Nvidia has been at the center of the artificial intelligence (AI) boom, supplying the chips that power everything from cloud data centers to generative AI models. However, the company’s latest 13F filing with the SEC suggests its ambitions go well beyond selling its own hardware.

As of June 30, 2025, Nvidia’s investment portfolio shows a calculated bet on the ecosystem of companies building the next generation of AI infrastructure.

The filing, released Thursday, provides a snapshot of Nvidia’s stock positions at the end of the second quarter. The chipmaker holds stakes in a handful of firms operating across semiconductors, cloud infrastructure, and AI-driven life sciences. 

Its top positions, ranked by size, reveal a deliberate strategy to back companies positioned to fuel and benefit from AI adoption.

One holding in particular stands out from the rest. 

Not only does it top the list of Nvidia’s holdings, but Nvidia  (NVDA)  also increased its exposure to the company significantly during Q2 2025, bringing the value of its stake to nearly $4 billion. 

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For a business already at the heart of the AI trade, Nvidia’s doubling down here demonstrates massive conviction in the partners helping build the backbone of the artificial intelligence industry.

CoreWeave takes center stage for Nvidia

That company is CoreWeave  (CRWV) , a cloud computing specialist focused on providing GPU-accelerated infrastructure for AI workloads. 

Nvidia raised its stake to roughly 24.28 million shares of CoreWeave during the quarter — up from 17.9 million shares at the time of CoreWeave’s IPO prospectus at the end of March — valued at $4.33 billion as of this writing.

That makes CoreWeave Nvidia’s largest equity holding, representing more than 91% of its total portfolio on June 30.

CoreWeave has quickly become one of the most closely watched private-to-public pipeline names in the AI ecosystem. 

By offering customized infrastructure designed for machine learning and generative AI, it has emerged as a critical customer and collaborator for Nvidia.

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Nvidia’s expanded investment shows just how tightly aligned the two companies’ futures have become.

Other stocks in Nvidia’s investment portfolio

• Arm Holdings 
• Applied Digital
• Nebius
• Recursion Pharmaceuticals

Beyond CoreWeave, Nvidia’s portfolio also highlights exposure to several other AI-adjacent firms. 

Its second-largest position (representing roughly 4.1% of its portfolio) is Arm Holdings  (ARM,)  the British semiconductor designer whose architecture underpins much of the mobile and edge computing world.

Nvidia also owns modest stakes in Applied Digital  (APLD)  and Nebius (NBIS), which represent around 1.8% and 1.5% of its total portfolio, respectively. Both operate in the high-performance computing and data infrastructure space. 

Nvidia also owns a small stake in Recursion Pharmaceuticals  (RXRX) , a biotech leveraging AI for drug discovery.

Together, these positions reveal that Nvidia is not just betting on selling GPUs, but on the broader network of companies creating demand for them. 

By taking equity stakes, the GPU giant enjoys potential financial upside while strengthening its strategic partnerships.

How Nvidia is building an AI ecosystem

For investors, Nvidia’s growing exposure to CoreWeave and its ecosystem partners should serve as yet another indicator that the world’s AI buildout is still in its infancy. 

While some skeptics warn of overheating in the sector, Nvidia’s approach suggests the company views AI infrastructure as a long-term structural shift, not just a short-term market cycle.

Just as Bill Ackman’s hedge fund has tilted toward the “Magnificent Seven” in recent quarters, Nvidia is concentrating its financial firepower on companies it sees as foundational to the AI economy. 

If its CoreWeave bet pays off, it may further cement Nvidia’s role as both a dominant AI chip supplier and an influential investor shaping the industry’s next wave of growth.

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