Co-founder and chief government officer of Nvidia Corp., Jensen Huang attends the ninth version of the VivaTech commerce present on the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris.
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A conundrum I’d by no means should face: After discovering sudden success, what ought to I do with my piles of money?
The fortunate topic right here is Nvidia, which transformed overnight from a graphics card producer largely obsessed over by players who wished to max out their graphics settings, to a chipmaker on the heart of the substitute intelligence increase.
In 2023, Nvidia was on the cusp of being valued as a trillion-dollar company. Two years later, its market capitalization will not be $2 trillion, not $3 trillion, however $4.28 trillion. That’s 12 zeros after the primary determine.
So — how does the corporate put its cash to work? Rolling round in greenback payments is certainly one of life’s best pleasures, however any CEO and investor value their salt is aware of money generally is a drag on income and returns.
While Nvidia has kept away from making splashy acquisitions, it is taking stakes in, and partnering with, different AI corporations, ensuring they — and the broader trade — proceed orbiting round it.
On Wednesday, it introduced a staggering $5 billion funding in its one-time rival Intel, which might allow collaboration between the 2 chip giants.
News additionally broke the identical day that Nvidia had spent almost $1 billion to rent the CEO of an AI startup and to license its know-how, whereas on Tuesday the chipmaker unveiled £11 billion ($15 billion) of investment in the U.K, a part of which will likely be used to deploy 120,000 Blackwell chips within the nation.
OpenAI and different corporations resembling Anthropic and DeepSeek kicked off the “talk to a computer” frenzy. But “the big part of the story is the hardware,” “Steve Eisman, the investor who referred to as the subprime disaster, said on CNBC’s “Squawk Box” Thursday.
That means Nvidia, if it manages to hold on its position as market leader, might have more cash to play with. What a pleasant problem to have!
— Yeo Boon Ping
What you need to know today
And lastly…
Digitally generated image of purple glowing futuristic semiconductor, digital data flowing and network structure. Innovation, AI and cybersecurity concepts.
Eugene Mymrin | Moment | Getty Images
AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang
Two years ago, Nscale was a brand-new startup in the U.K. that had yet to raise any outside funding or officially announce its existence.
Last year the London-based company came out of stealth, and in December announced that it had raised its Series A fundraising, totaling $155 million.
Now, Nscale finds itself at the center of the action in the hottest market on the planet: artificial intelligence. And it has close to $700 million in fresh capital from Nvidia, the world’s most valuable company.
— Ryan Browne, Jordan Novet