NVIDIA tops $40bn in AI equity bets in 2026, anchored by $30bn OpenAI investment

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May 10, 2026, 9:42 AM

• •NVIDIA's investments span OpenAI, CoreWeave, IREN, Corning, and others.
• •Investments often involve compute commitments and supply chain support.
• •Concerns arise regarding circular deals and potential regulatory implications.
• •NVIDIA aims to secure compute capacity and influence its silicon's deployment.

NVIDIA has invested over $40 billion in AI equity investments, with a significant portion allocated to OpenAI. This strategy, resembling vertical integration, involves investments in companies that purchase NVIDIA GPUs, leading to questions about circular financing. Critics are concerned about potential conflicts of interest and the impact of normalizing AI compute demand on NVIDIA's portfolio. While the strategy currently benefits NVIDIA by ensuring compute capacity and growing data-center revenue, regulatory scrutiny is increasing.

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