Nvidia Bets Big on AI Stocks
Nvidia's $63 billion investment portfolio has been put to work in two game-changing AI stocks, making up 75% of its assets under management. The company's investment in Intel, a legacy chipmaker, was made roughly one year ago and is now worth nearly $30 billion.
The collaboration between Nvidia and Intel focuses on integrating Nvidia's superior accelerated computing hardware with Intel's top-notch central processing units (CPUs) and x86 ecosystem. This partnership has helped Nvidia grow its Data Center segment sales by 117% in its fiscal second quarter.
Nvidia also invested $10 billion in AI start-up xAI, which was later acquired by Elon Musk's SpaceX in an all-stock deal. As a result of this investment, Nvidia now holds a stake worth close to $21 billion in SpaceX, making it the company's largest investor.