NVIDIA Stock Jumps on CoreWeave Investment Amid AI Infrastructure Boost

NVIDIA (NASDAQ: NVDA) has long been the poster child of the artificial intelligence revolution. The company dominates GPU chipmaking, which powers cloud computing and generative AI models. However, its latest regulatory filing shows the company is quietly extending its reach far beyond hardware sales.

According to NVIDIA’s second-quarter 13F filing with the SEC, the chipmaker significantly increased its position in CoreWeave (CRWV), a fast-rising cloud infrastructure company specializing in GPU-powered AI workloads. As a result, in pre-market trading, NVIDIA shares have already risen 0.18% to $182.335.

NVIDIA owned roughly 24.3 million shares of CoreWeave as of June 30, up from 17.9 million at the time of CoreWeave’s IPO earlier this year. This stake is worth about $4.33 billion, making it the single largest equity holding of NVIDIA stock. Hence, it represents over 91% of the company’s investment portfolio.