NVIDIA's Portfolio Reveals a $30 Billion Bet on Intel and Other Strategic Holdings
In its debut 13F filing, NVIDIA disclosed significant investments in key players across the AI supply chain beyond GPUs. The most notable is a $29.9 billion stake in Intel—47% of NVIDIA’s equity portfolio—which suggests confidence in Intel Foundry's potential as a critical supplier for future chip production needs. NVIDIA also invested heavily in Nokia, holding 3.48% of its book value and capitalizing on the Finnish company’s AI-RAN platform and recent semiconductor fab acquisition. Additionally, Coherent was highlighted with a 4.84% portfolio position due to its role in manufacturing optical interconnects for NVIDIA's next-gen GPU clusters. The filing underscores Jensen Huang’s strategy of securing infrastructure components such as foundries, fiber optics, and cloud services essential for the AI supercycle. These investments reflect both strategic alignment with partners and a hedge against supply chain risks.
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Topics: 13F filing AI supply chain Intel NVIDIA stock holdings