Nvidia is not only a leading artificial intelligence chipmaker. It’s also a tech investor whose holdings are closely watched by the market, as Wall Street often views its backing as a vote of confidence in a company’s growth prospects.

For example, Nvidia (NVDA) first bought shares in CoreWeave (CRWV) in early 2025, shortly before CoreWeave’s March IPO. Coreweave stock is up 129% since last March. 

CoreWeave is a cloud infrastructure company. In Q3 2025, Coreweave accounted for the majority of Nvidia’s disclosed portfolio, making up 86.44%. 

Nvidia did not change its portfolio during the third quarter of 2025 but made several key shifts in the fourth quarter.

Nvidia stock is up 1.78% year to date.

Intel becomes Nvidia’s largest holding, replacing Coreweave

Getty Images In the fourth quarter of 2025, Nvidia added a sizable stake in Intel and new positions in two smaller tech names, according to Whale Wisdom data based on the latest 13F filings.

Nvidia initiated a 214.8 million-share position in Intel (INTC) in the fourth quarter of 2025, making it the portfolio’s largest holding, accounting for 60.48%.

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The size of the stake matches Nvidia’s $5 billion investment in Intel’s common stock at $23.28 per share, which was unveiled in September 2025 as part of a partnership to develop custom data center and personal computing products.

Intel’s shares are up more than 44% since Nvidia announced its investment.

Under that agreement, Nvidia will use Intel’s CPU technologies and x86 ecosystem and integrate them into its AI infrastructure platforms.

Partnering with Intel also gives Nvidia a U.S.-based manufacturing option.

Meanwhile, Nvidia fully exited its stake in Arm (ARM), the U.K.-based chip designer it had failed to acquire due to regulatory reasons.

Nvidia did not change its Coreweave stake, keeping 24,277,573 shares. But the position’s weight in its portfolio fell to 13.27% after the large Intel buy.

Nvidia initiates bets in Synopsys and Nokia

The second-largest holding in Nvidia’s portfolio is a new 4,821,717-share stake in Synopsys (SNPS), which now makes up more than 17% of the portfolio.

Nvidia revealed its $2 billion purchase of Synopsys in December 2025 at $414.79 per share. That matches the disclosed shares, with the stake worth $2.2 billion at the end of Q4 2025.

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Synopsys is one of the world’s largest providers of electronic design automation (EDA) software and chip-design IP used to build semiconductors. The stock collapsed in September 2025 after it reported disappointing third-quarter earnings.

HSBC recently downgraded Synopsys to hold from buy and lowered its price target to $455 from $545, citing limited near-term catalysts and headwinds across its core businesses in 2026, Investing.com reported.

HSBC said the shift toward higher-value AI and high-performance computing markets could weigh on Synopsys’s near-term performance.  

Nvidia also built a new position in Nokia (NOK) valued at roughly $1.08 billion at the end of Q4. The old cellphone maker is now a major supplier of networking used in data centers and cloud infrastructure.

The partnership will help “ensure that consumers using generative, agentic, and physical AI applications on their devices will have seamless network experiences,” Nvidia said in a press release.

​​“Telecommunications is a critical national infrastructure…Together with Nokia and America’s telecom ecosystem, we’re equipping operators to build intelligent, adaptive networks that will define the next generation of global connectivity,” Nvidia CEO Jensen Huang said.

Nvidia announced the $1 billion investment in Nokia in October 2025. Nokia is now Nvidia’s fourth-largest holding, accounting for 8.21%.

Perhaps Nvidia’s broader strategy is to pour money into companies that control key layers of the AI infrastructure buildout, building partnerships in manufacturing, chip design, software, and networking needed to scale AI systems.

Other than those holdings, Nvidia kept a small, unchanged stake in Yandex (YNDX) and sold all positions in Applied Digital (APLD), Recursion Pharmaceuticals (RXRX), and WeRide (WRD).

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