Nvidia Commits $90 Billion Across 145 AI Companies, Deepening Grip on $5.5 Trillion Market
Updated
Updated · Financial Times · May 20
Nvidia Commits $90 Billion Across 145 AI Companies, Deepening Grip on $5.5 Trillion Market
1 articles · Updated · Financial Times · May 20
$90 billion in investments, partnerships and capacity deals over 16 months has made Nvidia one of the biggest financiers of AI groups that also depend on its chips.
$47 billion was committed in the year to Jan. 25 and another $43 billion in the following four months, spanning more than 145 companies from model developers to cloud and infrastructure providers.
A recent Iren deal shows the structure: Nvidia agreed to spend $3.4 billion over five years renting GPU capacity while investing up to $2.1 billion in the neocloud company.
That web of ties now sits atop a $5.5 trillion company worth 5.4% of the MSCI ACWI and responsible for more than 15% of the S&P 500's market-cap gains since 2023.
The result is a broader AI ecosystem—and increasingly the equity market itself—becoming unusually dependent on Nvidia's profits, chip demand and continued recycling of cash back into the sector.
With rivals like Google building their own chips, is Nvidia's AI empire more fragile than its valuation suggests?
With the global market tied to one company, what happens to our economy if Nvidia’s AI growth engine stalls?
Nvidia’s $45 Billion AI Push: Strategic Investments, Market Bubble Fears, and the Next Phase of Global Tech
Overview
In early 2026, Nvidia launched an aggressive investment campaign, committing over $40 billion across the AI ecosystem, including a landmark $30 billion investment in OpenAI. This deepened their long-standing partnership and was complemented by multi-billion dollar commitments to companies like Corning and IREN, strategically tying optical manufacturing and data center capacity into Nvidia’s hardware ecosystem. Nvidia’s SEC filings highlighted CoreWeave as a key part of AI’s future, reflecting a strategic investment portfolio directly linked to the AI supply chain. These moves are central to Nvidia’s strategy to secure dominance and reliability across the entire AI infrastructure landscape.