Nvidia has invested more than $40 billion in AI companies in 2025, with recent commitments to IREN and Corning.

Nvidia secured the right to invest up to $2.1 billion in data center operator IREN and up to $3.2 billion in fiber optics specialist Corning this week. The chipmaker's largest investment remains a $30 billion stake in OpenAI, alongside additional investments in Anthropic, xAI, CoreWeave, Nebius, Marvell, Lumentum, and Coherent.

Nvidia CEO Jensen Huang stated in an April podcast that the company wants to support 'all' foundation model companies rather than pick winners. Some observers identify a pattern of circular investments—particularly with so-called neoclouds (data infrastructure providers)—described as essentially pre-financing the sale of Nvidia's own GPUs.

These investments cement Nvidia's position as the industry's biggest backer of AI companies.