Nvidia has committed over $40 billion to equity investments in AI companies in early 2026, with the largest single bet being a $30 billion investment in OpenAI. The chipmaker has also announced seven multi-billion dollar deals in publicly traded companies, including Corning and data center operator IREN, plus roughly two dozen rounds in private startups. Critics have raised concerns about circular deal-making, as Nvidia is investing in its own customers, though analysts suggest these moves could help build a competitive moat.
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