Nvidia didn’t just sell the shovels during the AI gold rush. It started buying the mines.
The company deployed $18.6 billion into venture-style investments over a three-month period ending in April 2026. Nvidia’s nonmarketable equity securities surged to $42.3 billion, up from just $3.2 billion a year earlier.
Following the money
The $18.6 billion figure represents what Nvidia funneled into venture investments during its fiscal quarter. The specific recipients of most of that capital remain undisclosed, but Nvidia is targeting AI software and infrastructure companies.
One deal that has surfaced publicly: Nvidia participated in a $300 million investment round in Decart, an AI startup now valued at nearly $4 billion.
