Nvidia Has $4.3 Billion Invested in These 6 Artificial Intelligence (AI) Stocks. Here's the Best of the Bunch.

Nvidia holds a $4.3 billion stake across six AI companies as of Q2 2025, with cloud platform provider CoreWeave representing the largest investment at nearly $4 billion. While most of these AI holdings, including CoreWeave, are currently unprofitable due to significant growth investments, CoreWeave is highlighted as the top performer due to its attractive price-to-sales valuation and projected earnings growth exceeding 72% in 2026. Other notable investments include profitable semiconductor developer Arm Holdings and Nebius Group, which recently surged following a multibillion-dollar deal with Microsoft.

Analysis

Nvidia's strategic equity portfolio, valued at $4.3 billion as of Q2 2025, reveals a concentrated bet on the artificial intelligence ecosystem across six companies. The portfolio is dominated by a nearly $4 billion position in AI cloud platform CoreWeave (CRWV), indicating high conviction in specialized AI infrastructure providers. A key theme across the holdings is a tolerance for near-term unprofitability in pursuit of growth, as four of the six companies, including CoreWeave, Applied Digital (APLD), Recursion Pharmaceuticals (RXRX), and WeRide (WRD), are not currently profitable. In contrast, the portfolio is anchored by a stake in the profitable and established semiconductor developer Arm Holdings (ARM), which leads the group with $4.12 billion in trailing-twelve-month revenue. CoreWeave is highlighted for its favorable valuation, trading at 16.2 times sales, and its strong forward-looking prospects, with analysts projecting over 72% earnings growth in 2026. Another notable holding, Nebius Group (NBIS), has seen its value appreciate significantly post-Q2 following a multibillion-dollar contract with Microsoft, underscoring the dynamic and catalyst-driven nature of these investments.

Key Decisions for Investors

• Investors with a high-risk tolerance for growth should evaluate CoreWeave (CRWV) due to its relatively attractive price-to-sales multiple of 16.2 and a projected 72% earnings growth in 2026, while acknowledging the execution risk associated with its current unprofitability.
• For those seeking profitable exposure to the AI sector, Arm Holdings (ARM) presents a more conservative option within Nvidia's portfolio, given its established market leadership and $699 million in trailing-twelve-month earnings.
• The portfolio's structure, with a massive bet on an unprofitable growth company (CRWV) balanced by smaller, speculative plays and a stake in a profitable leader (ARM), suggests that investors should not blindly replicate these holdings but rather use them to identify and perform due diligence on high-conviction names in the AI value chain.
• Monitor Nebius Group (NBIS) for continued momentum and validation of its business model following its recent strategic partnership with Microsoft, which has already provided a significant catalyst for the stock outside the Q2 reporting period.