NVIDIA Just Made Another Smart Bet on AI

NVIDIA Just Made Another Smart Bet on AI

By Joey Frenette
Publication Date: 2026-02-02 13:07:00


Nvidia (NASDAQ:NVDA) just seems to keep the deals and partnerships coming. Undoubtedly, the GPU king has plenty of cash to spend and, perhaps most importantly, efficiencies to unlock as it opts to team up to tackle some of the world’s greatest challenges. At the end of the day, more “circular” dealmaking may be a growing concern for some, but to prevent overlapping efforts (and hefty spend), collaboration only makes sense.

Of course, excessive investments could elevate the risk of an eventual collapse (think a house of cards scenario) if the AI bubble burst scenario ends up playing out, perhaps due to a lack of monetization progress or something that’s not yet on the radars of the market. Indeed, sometimes, it’s the off-the-radar risks that can deliver the biggest hit.

Nvidia isn’t slowing down when it comes to deal-making

In any case, Nvidia’s latest big deal saw Jensen Huang’s empire make a big $2 billion bet on CoreWeave (NASDAQ:CRWV) with a $2 billion stake.

This latest deal comes just weeks after Nvidia spent a poured a couple of billion on a range of other deals, including the $1 billion Eli Lilly (NYSE:LLY) co-innovation collab as well as a $4.9 billion bet on Intel (NASDAQ:INTC), and, of course, let’s not forget about the big Groq deal for assets and talent for $20 billion. Undoubtedly, Jensen Huang has been making some impressive, high-return bets across the AI industry in recent years.

Could he have done even better by taking bigger…