Nvidia’s $70 billion equity stakes in OpenAI, Anthropic, and others may boost shareholder value as these firms near public listings.
Nvidia has allocated $70 billion in equity investments to AI ecosystem partners, including $30 billion in OpenAI, $10 billion in Anthropic, and $5 billion in Safe Superintelligence. The move positions the chipmaker to benefit from potential IPOs of these startups within the next year.
Analysts view the investments as manageable, given Nvidia’s projected $470 billion in free cash flow over the next two years. The company has pledged to return 50% of free cash flow to shareholders starting in May 2026.
Nvidia’s stock has risen 4% in the past month, outpacing the S&P 500’s 2.4% gain, ahead of its Aug. 26 earnings report. Shares closed at $236.54.