You may have seen the news that AI chip leader Nvidia ( NVDA 1.95%), currently the world's most valuable company by market cap, has revealed plans to acquire a $5 billion stake in its competitor Intel ( INTC -1.96%). Additionally, Nvidia intends to invest $100 billion over several years in OpenAI, the developer behind ChatGPT.
If this seems surprising, it’s actually quite common. Many publicly traded companies hold ownership in other firms. In fact, Nvidia already maintains notable positions in six other technology businesses:
- CoreWeave ( CRWV 2.12%), a provider of AI-focused cloud computing infrastructure.
- Arm Holdings ( ARM 0.55%), a UK-based company specializing in semiconductor and software design.
- Applied Digital ( APLD 2.05%), which builds and operates data centers.
- Nebius Group ( NBIS 2.04%), a Dutch firm offering AI platforms and infrastructure.
- Recursion Pharmaceuticals ( RXRX 5.30%), a biotech company in the clinical phase that leverages AI to discover new medicines.
- WeRide ( WRD 2.06%), a Chinese company focused on autonomous vehicles.
Source: Getty Images.
Let’s examine these investments in more detail. (These figures reflect Nvidia’s holdings as of June 30, 2025, according to its latest 13F filing with the SEC.)
CoreWeave: Nvidia possesses roughly 24.3 million shares in this company, a stake valued at approximately $3 billion at current prices. CoreWeave, headquartered in Livingston, New Jersey, buys large volumes of Nvidia GPUs, installs them in servers, and then rents out server time to clients. Earlier this month, CoreWeave and Nvidia entered a new agreement where Nvidia will purchase any unused CoreWeave cloud resources not leased to other customers. CoreWeave’s stock has surged 247% so far this year.
Arm Holdings: Nvidia owns about 1.1 million shares in this British chip and software designer, with a total value near $152 million. Nvidia previously tried to acquire Arm in 2020, but regulatory authorities blocked the transaction. Arm’s stock has climbed 10% this year and 147% over the last five years. The recent Nvidia-Intel partnership could be seen as a setback for Arm, since Intel operates in some of the same areas as Arm.
Applied Digital: Nvidia’s holding in this data center company is about 7.7 million shares, worth around $169 million. Unsurprisingly, Applied Digital utilizes Nvidia chips in its servers. The stock has risen 187% since the start of the year.
Nebius Group: Nvidia’s ownership of roughly 1.2 million shares is valued at about $134 million. The company’s share price has increased by more than 300% in 2025.
Recursion Pharmaceuticals: In July 2023, Nvidia acquired 7.7 million shares in this biotech firm for $50 million, but since then the share price has dropped, making Recursion one of Nvidia’s few underperforming investments. The stock is down 31% this year, reducing the stake’s value to about $36 million. Investments in clinical-stage biotech companies are generally considered highly speculative.
WeRide: Nvidia’s position in this robotaxi company is about 1.7 million shares, currently valued at around $19 million. WeRide’s stock jumped in February after Nvidia’s investment was made public, but has since declined, now down roughly 20% for the year.
Nvidia’s main AI-related investments — including data centers, AI infrastructure, server providers, and chip designers — have delivered impressive results. Since Nvidia’s investment in Intel was announced on September 18, Intel’s share price has jumped 33%.
On the other hand, Nvidia’s more speculative and typically smaller bets in biotech and self-driving vehicles have yet to yield positive returns. However, with a market capitalization of $4.3 trillion, such paper losses are negligible for Nvidia’s overall financials. These investments could still become profitable in the future.
The fact that Nvidia has taken stakes in these companies — and therefore has an incentive to support their growth — makes each of their stocks worth considering for further research.
