CNBC Daily Open: Money, money, money, in Nvidia’s world

A 2025 refrain many of us likely have heard would be: “You’re buying that? You’re doing that? In this economy?”

But this problem does not seem to extend to the world’s most valuable company Nvidia, which is sitting on a problem most of us would like to have: having too much cash. 

At the end of October, Nvidia had $60.6 billion in cash and short-term investments. That’s up from $13.3 billion in January 2023, just after OpenAI released ChatGPT. 

And this is even after splashing out billions of dollars on stakes in companies: $1 billion for Nokia, $5 billion for Intel, $10 billion for Anthropic—and a jaw-dropping $100 billion commitment to OpenAI still under discussion. 

To add to this, Nvidia announced it would invest $2 billion in Synopsys this week.

Nvidia, which has gone from a niche maker of graphic cards to the world’s most valuable company, has also made $37 billion in buybacks and dividends, with a further $60 billion authorised. 

When your biggest challenge is figuring out how to spend $60 billion, you’re living the ultimate corporate luxury.

To take a line from ABBA: “Money money money, must be funny, in Nvidia’s world.”

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