Jensen Huang explains why Nvidia invests in tons of companies, instead of trying to pick winners

Jensen Huang explains why Nvidia invests in tons of companies, instead of trying to pick winners

By Shubhangi Goel
Publication Date: 2026-04-16 05:25:00

Jensen Huang says Nvidia invests in a lot of tech companies, instead of selecting a handful, for a reason.

“There are so many great, amazing foundation model companies, and we try to invest in all of them,” he said on an episode of the “Dwarkesh” podcast released on Wednesday. “We don’t pick winners. We need to support everyone.”

Huang, who cofounded Nvidia in 1993, said that there were two reasons behind this. One, he said its not Nvidia’s job to pick winners. Two, the company’s history is a lesson.

“When Nvidia first started, there were 60 3D graphics companies,” Huang said. “If you would have taken those 60 graphics companies and asked yourself which one was going to make it, Nvidia would be at the top of that list not to make it.”

He said that at the time, the company’s graphics architecture didn’t look promising.

“Everybody would have counted us out,” he said. “And here we are. So I have…