Nvidia is now at the center of the technology world linked to artificial intelligence, to the point that many call it the Fed of AI. The chip giant has built a network of equity investments worth more than $100 billion, along with financing and guarantees for customers and suppliers. The quarterly data will be released tomorrow evening, an event the market considers decisive for the global AI sector as a whole.
Nvidia Is the World’s Most Valuable Company and Is Awaiting Its Results
Nvidia has a stock-market value of approximately $5.5 trillion and is the world’s most valuable company. Its stock is up 12.37% since the start of the year and 7.90% this August. The quarterly results will be published tomorrow evening, after U.S. markets close, with investors holding extremely high expectations.
In the most recently completed quarter, the company reported pre-tax income—that is, profit before taxes—of $69.9 billion. Of this amount, $53.5 billion came from chip sales and $16.4 billion from gains on investments. This means that approximately 23% of the profit came from the revaluation of stakes held in other companies, rather than from the semiconductor core business.
Nvidia’s Investment Network
The official snapshot comes from the 13F, the document through which major investors disclose their holdings to the SEC. As of June 30, 2026, Nvidia’s listed portfolio was worth $63.4 billion, spread across eight positions. The largest holding is Intel, with 215 million shares worth close to $30 billion. It is followed by SpaceX, with approximately 123 million shares valued at $21 billion. Together, the two positions alone account for approximately 80% of the entire disclosed equity portfolio.
Completing the list of listed companies are CoreWeave, Coherent, Nokia, Nebius, Applied Digital and finally Arm. These are joined by holdings in private companies, which have risen to $43.4 billion. This includes the $30 billion invested in OpenAI, the $10 billion allocated to Anthropic and the $2 billion invested in xAI. The latter develops Grok, the chatbot integrated into X.
Financing, Warrants and Guarantees for Customers
Nvidia’s role does not stop at equity investments and includes instruments that resemble actual financing, even though the company is not a bank. The company subscribed to a $2 billion pre-funded warrant in Nebius, meaning that it pays today for the right to receive shares in the future. That money immediately enters the cloud provider’s coffers, which it uses to purchase Nvidia GPUs.
There is also a guarantee with an initial value of $6.3 billion involving CoreWeave. If data-center capacity remains unsold, Nvidia is obliged to purchase it through April 2032. In practice, Nvidia, which supplies the chips, guarantees its customer’s revenue. The latest financial statements also reported previously committed investment obligations amounting to another $27 billion.
Nvidia Chart Overview
Nvidia is currently trading at $211.75 and is rebounding today after yesterday’s negative close of -2.91%. On the daily chart, in the section on the right, Nvidia can be seen recording seven consecutive negative closes from mid-August, reaching yesterday a test of short-term support around $208.80. The section on the left provides a weekly overview of Nvidia from the April 2025 lows at $92.11, followed by a rally to the latest ATH in May at $236.54.
A Giant That Concerns the System
Market participants in several quarters are questioning whether Nvidia has become a threat to the stability of the entire technology system. The risk does not concern potential balance-sheet losses, which are currently far removed from the company’s figures. But a slowdown, with results below expectations or disappointing forecasts, could trigger a chain reaction of selling. The network of investments could turn that disappointment into a systemic collapse of the entire AI sector.
