Nvidia commits more than $40 billion this year to AI infrastructure companies, including $30 billion in OpenAI

Nvidia has agreed to invest up to $2.1 billion in data center operator IREN and up to $3.2 billion in Corning, which is expanding optical technology production for Nvidia systems. The company's largest recent commitment was a $30 billion investment in OpenAI.

The strategy aims to build out the broader AI ecosystem around Nvidia's chips, including data centers, optical networking, photonics and cloud infrastructure. Nvidia has also invested in companies such as CoreWeave, Nebius, Marvell, Lumentum and Coherent.

The deals show Nvidia is using its balance sheet to secure capacity and strengthen demand for its hardware. However, some analysts have warned the strategy could raise questions about how much AI demand is organic versus supported by Nvidia's own financing.