Nvidia has been at the center of the artificial intelligence (AI) boom, supplying the chips that power everything from cloud data centers to generative AI models. However, the company’s latest 13F filing with the SEC suggests its ambitions go well beyond selling its own hardware.
As of June 30, 2025, Nvidia’s investment portfolio shows a calculated bet on the ecosystem of companies building the next generation of AI infrastructure.
The filing, released Thursday, provides a snapshot of Nvidia’s stock positions at the end of the second quarter. The chipmaker holds stakes in a handful of firms operating across semiconductors, cloud infrastructure, and AI-driven life sciences.
Its top positions, ranked by size, reveal a deliberate strategy to back companies positioned to fuel and benefit from AI adoption.
One holding in particular stands out from the rest.
Not only does it top the list of Nvidia’s holdings, but Nvidia (NVDA) also increased its exposure to the company significantly during Q2 2025, bringing the value of its stake to nearly $4 billion.
For a business already at the heart of the AI trade, Nvidia’s doubling down here demonstrates massive conviction in the partners helping build the backbone of the artificial intelligence industry.
CoreWeave takes center stage for Nvidia
That company is CoreWeave (CRWV) , a cloud computing specialist focused on providing GPU-accelerated infrastructure for AI workloads.
Nvidia raised its stake to roughly 24.28 million shares of CoreWeave during the quarter — up from 17.9 million shares at the time of CoreWeave’s IPO prospectus at the end of March — valued at $4.33 billion as of this writing.
That makes CoreWeave Nvidia’s largest equity holding, representing more than 91% of its total portfolio on June 30.
CoreWeave has quickly become one of the most closely watched private-to-public pipeline names in the AI ecosystem.
By offering customized infrastructure designed for machine learning and generative AI, it has emerged as a critical customer and collaborator for Nvidia.
