Mark Cuban Compared Nvidia to a Dot-Com-Era IPO Machine “Funding Everyone and Anyone.” Here’s What That Means for AI Stocks.

Mark Cuban recently raised concerns about how the artificial intelligence (AI) boom is being financed. In a July 28 post on X, he described Nvidia (NASDAQ: NVDA) as the sector’s IPO, “funding everyone and anyone.”

Cuban was not suggesting that Nvidia literally takes companies public. He was comparing Nvidia’s role with the dot-com boom, when IPOs gave young internet companies money to expand. Nvidia is now investing in AI model developers and cloud operators, as well as other companies supporting the wider AI market.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

Nvidia’s financing role is becoming significant

Nvidia exited the first quarter of fiscal 2027 (ending April 26, 2026) with $42.3 billion of private investments and another $27 billion of contingent investment commitments. Nvidia’s wider investment portfolio includes model developers OpenAI and Anthropic, cloud operators CoreWeave (NASDAQ: CRWV) and Nebius Group (NASDAQ: NBIS), and technology suppliers such as Intel, Synopsys, Nokia, and Coherent.

Some of these investment deals could benefit Nvidia twice. Nvidia’s investment may rise in value, while the company receiving the money may buy more…