Nvidia turns Intel stake into $30B windfall, adds SpaceX bet

A regulatory filing shows Nvidia turned its $5 billion Intel stock investment into a $30 billion gain. The filing also reveals a new $21 billion stake in SpaceX and a complete exit from Nvidia's Arm holdings.

Why it matters: Nvidia is plowing AI-boom profits into strategic stakes across chipmaking, cloud, and space infrastructure rather than just selling GPUs. It fits a pattern of Nvidia embedding itself financially across the AI supply chain, alongside its known backing of partners like CoreWeave.