Nvidia Goes All-In on One AI Bet
One AI Investment Rules Them All
Nvidia’s newly disclosed 13F filing with the SEC unveils a striking statistic: over three-quarters of its nearly $20 billion investment portfolio is comprised of a single AI-related company. Shares of Arm Holdings, a British chip architecture firm, make up $15.6 billion of Nvidia’s total stock holdings—an astonishing 78%. This underscores Nvidia’s strategic focus on a tight-knit AI ecosystem, as Arm’s low-power chip designs are foundational to a wide array of devices from smartphones to servers. Nvidia acquired this stake in Arm during Arm’s 2023 IPO, in which it purchased shares directly from controlling owner SoftBank.
Why Nvidia’s Arm Stake Matters
Although Nvidia’s 2020 attempt to acquire Arm outright was blocked by regulators, the company’s massive stake now offers a powerful alternative route to influence. By securing a major investor position, Nvidia remains deeply intertwined with a firm shaping the future of AI chip design and mobile computing. Arm’s architecture is critical for AI acceleration and edge computing—two areas where Nvidia is rapidly expanding. While diversifying its portfolio may reduce risk, Nvidia’s concentrated bet on Arm also signals conviction in its AI-driven growth strategy and its commitment to owning key pieces of the upstream chip supply chain.
