NVIDIA Tops $40 Billion in AI Equity Bets in 2026
May 10, 2026 – 9:42 am
Image by: Maurizio Pesce
- $30 billion went to OpenAI; the rest is spread across several companies and private startup rounds.
- NVIDIA has committed more than $40 billion to AI equity investments in the first four months of 2026, per CNBC.
Investments Overview:
The $10 billion+ remaining investments include:
- Up to $3.2 billion in Corning, an optical-fibre and ceramics maker supplying AI data centers.
- Up to $2.1 billion in IREN, a data center operator transitioning from Bitcoin mining towards GPU compute.
These are structured as warrants or commitments timed at NVIDIA’s discretion.
Other notable investments:
- $2 billion in CoreWeave (now valued at roughly $4.4 billion) for approximately 28% of Nvidia’s listed equity portfolio.
- $2 billion in Nebius with a five-gigawatt deployment commitment.
- A new $2.1 billion warrant on IREN.
Strategy and Signaling:
NVIDIA’s strategy focuses on:
- Ensuring compute capacity around its hardware.
- Upstream and downstream influence over AI value chain.
- Control over silicon deployment, pricing, and agreements with key players like OpenAI and CoreWeave.