Nvidia Invests 78.17% of Q1 Portfolio in CoreWeave, Stock Surges 65%

Nvidia, a prominent technology company, has revealed its first-quarter holdings for 2025, showcasing a substantial investment in CoreWeave, a rising star in the cloud computing sector. The public disclosure indicates that Nvidia acquired approximately 24.18 million shares of CoreWeave, valued at around $897 million. This investment represents 78.17% of Nvidia's investment portfolio for the quarter, making CoreWeave the top holding in Nvidia's portfolio. Since its initial public offering in late March, CoreWeave's stock has surged by approximately 65%.

CoreWeave specializes in providing cloud-based rental services for Nvidia's graphics processing units (GPUs), which are essential for training artificial intelligence (AI) models. The company's successful IPO was one of the largest venture-backed tech IPOs in the United States since 2021. Prior to going public, CoreWeave raised tens of billions of dollars through equity and debt financing, with Nvidia being one of the key investors.

Nvidia's total portfolio value for the first quarter of 2025 stands at $1.15 billion, a significant increase from the previous quarter's $30.5 million. Apart from the new investment in CoreWeave, Nvidia did not make any additional purchases, sales, or liquidations of other holdings during the first quarter.

According to the 13F report, as of the end of the first quarter, Nvidia holds stakes in six companies. Following CoreWeave, the second-largest holding is Arm, with approximately 1.1 million shares valued at around $118 million, constituting 10.25% of the portfolio. Applied Digital, a data center operator, is the third-largest holding with approximately 7.72 million shares valued at around $43.36 million, making up 3.78% of the portfolio. Recursion Pharmaceuticals, a biotechnology company, is the fourth-largest holding with approximately 7.71 million shares valued at around $40.77 million, representing 3.55% of the portfolio. Nebius, a technology company based in the Netherlands, is the fifth-largest holding with approximately 1.19 million shares valued at around $25.13 million, accounting for 2.19% of the portfolio. Nebius was formed after Yandex, a major Russian internet company, split its domestic and international assets for $5.4 billion. Following the suspension of Yandex's trading on the Nasdaq due to the Russia-Ukraine conflict, Nebius resumed trading through an asset split. The sixth-largest holding is WeRide, a Chinese autonomous driving company, with approximately 1.74 million shares valued at around $23.59 million, making up 2.06% of the portfolio.

Nvidia's investment in CoreWeave reflects a strategic move to capitalize on the growing demand for cloud services. By investing in a company that specializes in cloud infrastructure, Nvidia is positioning itself to benefit from the increasing reliance on cloud computing. This investment also aligns with Nvidia's expertise in GPUs, which are crucial for enhancing cloud computing capabilities. The move underscores Nvidia's commitment to staying at the forefront of technological innovation and driving growth in the technology sector.