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Nvidia holds $47.9B in private companies, commits $18B more to equity investments this fiscal year
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A filing reveals Nvidia held $47.9B in private companies as of late July and has $18B committed to equity investments for the rest of the fiscal year.
The scale of Nvidia's private holdings signals deep financial entanglement with the AI ecosystem it sells into, raising questions about whether its revenue growth partly reflects its own capital recycling. The CFO's acknowledgment of 'circular financing' concerns means these investments could face scrutiny if funded companies are major Nvidia customers.
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Nvidia held $47.9B in private companies as of late July, with $18B more committed to equity investments for the remainder of the fiscal year.
Nvidia's CFO directly addressed 'circular financing' concerns, stating the company sees it differently and views these as investments in 'once in a generation' technology leaders.
Jensen Huang said big AI-lab investments will not repeat because he expects those firms to go public, freeing up cash for buybacks next year.
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