Currently, Nvidia is not only a chip manufacturer driving the global AI wave but also a major investor holding shares in several leading technology companies, earning a reputation as a shareholder of its own customers.
Nvidia's investment portfolio has recently attracted much attention. According to the 13F filing Nvidia submitted to the U.S. Securities and Exchange Commission (SEC), the company holds shares in only eight other companies, with a total value exceeding $63.439 billion, including an increased stake in SpaceX.
According to the 13F form Nvidia filed with the SEC on 14 August 2026, reporting holdings as of the end of Q2 (30 June 2026), Nvidia holds shares in eight companies. The portfolio proportions are as follows:
It is evident that Intel and SpaceX alone account for over 80% of the entire portfolio. Nvidia's investment strategy focuses heavily on strategic partners related to its chip business and AI infrastructure, rather than diversifying across multiple industries.
The most closely watched aspect of this portfolio disclosure is Nvidia's new position in SpaceX, which did not come from a direct market purchase but resulted from a previous deal.
Back in January 2026, Nvidia invested over $10 billion in xAI, Elon Musk's AI company, owner of the Grok model. In February that year, SpaceX acquired xAI, converting Nvidia's investment in xAI automatically into SpaceX shares.
By June 2026, SpaceX went public on Nasdaq through an IPO, making Nvidia's previously private investment in SpaceX publicly reportable via the 13F filing. This is why Nvidia's SpaceX shares appeared publicly in its portfolio for the first time.
After Q2, SpaceX shares (SPCX) closed at $170.86 but had fallen to about $140 by the time Nvidia filed the 13F, reducing the value of Nvidia's stake to roughly $17.2 billion. Though down from its peak, this still represents a significant return on the original investment.
According to FactSet data, Nvidia ranks sixth among SpaceX's largest shareholders. Elon Musk leads with shares valued around $850 billion, followed by Alphabet (Google's parent company) holding approximately $78 billion worth.
Read more articles:Who owns SpaceX?
Regarding Intel, Nvidia's largest asset, the company announced a $5 billion strategic investment in Intel in September 2025.
The deal closed on 26 December 2025 after approval from the U.S. Federal Trade Commission (FTC), with Nvidia acquiring 214.7 million shares at an average price of $23.28 each.
By the end of Q2 2026, the value of Intel shares held by Nvidia had risen to $30 billion before falling to about $22 billion following Intel's $20 billion new share issuance on 12 August, which pressured the stock price. Nevertheless, this remains a very strong return on the initial $5 billion investment in less than a year.
A rising concern among analysts and investors is about circular financing, as both SpaceX and Intel, in which Nvidia holds shares, are customers buying chips from Nvidia. Elon Musk previously stated that SpaceX would exclusively use Nvidia chips in its data centers and advanced AI models.
In response, Nvidia CEO and founder Jensen Huang firmly rejected these concerns, calling the notion of circular financing nonsense and emphasizing repeatedly that the demand is genuine and that Nvidia's investment funds are not from its own revenues.
Ultimately, Nvidia's current investment portfolio reveals a close connection between the world's largest AI chipmaker and its partners who are simultaneously customers and strategic allies, including SpaceX, Intel, CoreWeave, and Nebius. It remains to be seen how Nvidia will adjust this portfolio in upcoming quarters.
Sources:CNBC,FinTel,Hedge Follow
Read stock and investment news with Thairath Money to help you achieve “Better Finances, Better Life” athttps://www.thairath.co.th/money/investment
Follow the Facebook page: Thairath Money at this linkhttps://www.facebook.com/ThairathMoney