The chip giant's equity holdings, valued as of July 26, have increased more than tenfold in the past year, with over $40 billion committed in 2026 to bolster the AI sector. Nvidia has ramped up dealmaking across the AI stack, backing AI labs, cloud providers, and infrastructure companies. The company also announced Thursday its plan to acquire AI startup Hugging Face for $12.9 billion, and in August, it committed up to $105 billion in conditional credit support for an OpenAI data center in Ohio.