13F-HR: NVIDIA Reveals $4.33B Strategic Holdings in Q2 2025

NVIDIA Corp. disclosed its institutional investment holdings for the quarter ended June 30, 2025, totaling over $4.33 billion across six companies.

Summary

• NVIDIA Corp. filed its Form 13F-HR for the quarter ended June 30, 2025, reporting total institutional investment holdings valued at $4,333,080,800.
• The report details six distinct equity holdings, with the largest being a significant stake in CoreWeave Inc.
• NVIDIA holds 24,277,573 shares of CoreWeave Inc. Class A common stock, valued at $3,958,701,053, representing approximately 91.3% of the total reported holdings.
• Other notable holdings include 1,101,249 shares of ARM Holdings PLC sponsored ADS, valued at $178,116,013.
• The company also reported holdings in Applied Digital Corp. (7,716,050 shares, $77,700,624), Nebius Group N.V. (1,190,476 shares, $65,869,037), Recursion Pharmaceuticals Inc. Class A (7,706,363 shares, $38,994,197), and WeRide Inc. sponsored ADS (1,738,563 shares, $13,699,876).

Sentiment

Score: 8

Explanation: The filing reveals significant strategic investments in companies aligned with NVIDIA's core AI and computing ecosystem, particularly a substantial stake in CoreWeave, which is generally viewed positively as it strengthens NVIDIA's position in the AI infrastructure market and signals confidence in its partners.

Positives

• The substantial investment in CoreWeave Inc. (over $3.95 billion) reinforces NVIDIA's strategic commitment to its AI cloud infrastructure ecosystem and a key partner.
• Holdings in companies like ARM Holdings PLC, Recursion Pharmaceuticals, Applied Digital, Nebius Group, and WeRide demonstrate NVIDIA's strategic focus on critical areas such as semiconductor design, AI-driven drug discovery, data centers, and autonomous driving, aligning with its core business and future growth vectors.

Future Outlook

NA

Management Comments

• Rebecca Peters, VP, Deputy General Counsel and Assistant Secretary, affirmed that the person signing the report is authorized to submit it, and that all information contained within is true, correct, and complete.

Industry Context

NVIDIA's disclosed holdings reflect a strategic investment approach focused on companies that are integral to its core business in artificial intelligence, data center infrastructure, and advanced computing. The substantial stake in CoreWeave, a specialized cloud provider for GPU-accelerated workloads, underscores NVIDIA's commitment to expanding its AI ecosystem and ensuring access to critical computing resources. Investments in ARM Holdings, a foundational technology provider for chip design, and Recursion Pharmaceuticals, an AI-driven drug discovery company, further align with NVIDIA's strategic initiatives in semiconductors and healthcare AI. Holdings in Applied Digital (data centers) and WeRide (autonomous driving) also complement NVIDIA's technology offerings in these high-growth sectors.

Comparison to Industry Standards

• NVIDIA's strategy of making significant strategic investments in key ecosystem partners, such as CoreWeave, is comparable to practices by other major tech giants like Microsoft and Google (Alphabet), which frequently invest in AI startups and cloud infrastructure providers to secure partnerships and foster ecosystem growth.
• The investment in ARM Holdings is particularly strategic, given NVIDIA's past attempt to acquire ARM and its continued reliance on ARM's architecture for various products, reflecting a common industry practice of investing in critical suppliers or partners.
• The diversification into AI-driven biotechnology (Recursion Pharmaceuticals) and autonomous driving (WeRide) demonstrates a broader trend among leading technology companies to leverage their core AI capabilities across diverse, high-potential industries, similar to how Intel Capital or Qualcomm Ventures invest in companies that extend their technological reach.

Stakeholder Impact

• Shareholders of NVIDIA: Provides transparency into the company's strategic investment portfolio, potentially signaling future growth areas and strengthening its ecosystem, which could be viewed positively.
• Shareholders of Held Companies (e.g., ARM, Applied Digital, Recursion): Disclosure of NVIDIA's significant stake can act as a positive signal, potentially boosting investor confidence and market valuation for these companies.
• Customers and Partners: Reinforces NVIDIA's commitment to its ecosystem partners, potentially leading to deeper collaborations and stability within its network of technology providers and users.

Key Dates

Recommendation

The filing provides transparency into NVIDIA's strategic investment portfolio, revealing significant stakes in companies critical to its AI and computing ecosystem, most notably CoreWeave. While these investments are strategically sound and reinforce NVIDIA's long-term vision, the 13F report itself does not contain new financial performance data or forward-looking guidance for NVIDIA that would fundamentally alter an existing investment thesis. It primarily confirms NVIDIA's commitment to its strategic partners and the broader AI infrastructure, supporting a 'hold' recommendation for investors already confident in NVIDIA's long-term prospects.

Keywords

NVIDIA, 13F, Holdings, Institutional Investment, CoreWeave, ARM Holdings, Applied Digital, Recursion Pharmaceuticals, Nebius Group, WeRide, AI, Data Center, Semiconductors, Biotechnology, Autonomous Driving