Samuel O'Brient
4 min read
In This Article:
Investors have plenty of reasons to be optimistic about Nvidia (NVDA) , but a hidden company asset may lie in one of its own investments.
The market-leading chipmaker has struggled since the year began, battling volatile market conditions and contending with the unexpected threat of DeepSeek, a Chinese startup that rolled out a large language model (LLM) built on less advanced Nvidia chips. This posed a new challenge for the company, even as the artificial intelligence (AI) market continued to grow.
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Meanwhile, U.S. President Donald Trump’s tariffs against multiple trade partners sparked significant uncertainty that pushed down entire financial markets, taking even leading tech stocks with them.
The past few months haven’t been easy, but with 40% gains since April, NVDA stock is almost back in the green for the year. Part of this momentum may be due to progress from an unexpected source.
With much of the coverage Nvidia receives focusing on price action and institutional investing, it can be easy to overlook the fact that the tech leader has positions in other companies. But Nvidia’s biggest investment is currently on a winning streak.
Related: Veteran fund manager unveils bold Nvidia stock price target after rally
CoreWeave (CRWV) is an AI startup that made a splash with its initial public offering (IPO) on March 28, 2025. After months of no major market debuts, investors wondered if this fast-growing startup could help usher in a new wave of tech IPOs.
Founded in 2017 as a crypto mining company, CoreWeave now provides cloud-based graphics processing unit (GPU) infrastructure for clients with AI and machine learning workloads. The company’s webpage notes that it helps manage “the complexities of AI growth to make supercomputing accessible.”
Nvidia has been invested in CoreWeave since April 2023. Data from WhaleWisdom based on 13F filings shows that it currently holds 24,182,460 shares, a position with a market value of roughly $896,685,617. It is Nvidia’s biggest holding by far, occupying more than 78% of the company’s portfolio.
A quick look at Nvidia’s portfolio shows that the company is highly tech-focused. Its next-largest investments are British semiconductor and software producer Arm Holdings and Applied Digital Corp, which provides digital infrastructure solutions. Both companies have enjoyed an excellent month, though their gains pale in comparison to CoreWeave’s.
