Nvidia's $99 Billion Investment Portfolio Reshuffled, Elevating SpaceX as Second-Largest Holding
At the end of its fiscal second quarter on July 26, Nvidia reported a total investment portfolio valued at approximately $99 billion. The company’s largest stock holding remained Intel with around $30 billion in value. However, Space Exploration Technologies (SpaceX) emerged as the second-largest holding, valued at roughly $21 billion following its inclusion in the portfolio after being newly added. Nvidia's investment in SpaceX originated from an initial $10 billion stake in xAI, which merged with SpaceX earlier that year. The conversion of private shares into public stock occurred when Elon Musk took SpaceX public in June. This strategic move aligns with both companies' focus on AI and data center infrastructure development. The partnership between Nvidia and SpaceX is significant as Musk has committed to using exclusively Nvidia GPUs for SpaceX's data centers, reinforcing the relationship despite competition from other chipmakers like Advanced Micro Devices.
Topics: 13F filing AI investments Nvidia SpaceX