Nvidia invested $3.8 billion in two AI stocks in Q1, increasing its stake in CoreWeave by 95% and making a $2 billion investment in Coherent

Nvidia raised its position in CoreWeave by more than $1.9 billion during Q1, bringing the total position to more than $3.65 billion. The company invested $2 billion into Class A shares of CoreWeave at an average cost of $87.20 per share, raising its stake to close to 9% (more than 47 million shares).

Nvidia also announced a new partnership with Coherent in March, committing a $2 billion investment to support research and development. The agreement includes a multibillion-dollar purchase commitment and future access to Coherent's advanced laser and optical networking products, which Nvidia uses in Spectrum-X switches for AI data centers.

CoreWeave, an AI data center company that purchases and deploys Nvidia GPUs, is planning to accelerate construction of more than 5 gigawatts of AI data centers by 2030. However, the company has a high debt-to-equity ratio of 5.2 and total liabilities-to-equity ratio of 10.6 at the end of Q1, with outstanding share count more than doubling over the past year.