Nvidia's equity investments reached $99 billion as of July 26, up from about $7 billion a year earlier and $2.2 billion two years earlier, making it one of the world's largest strategic technology investors. The company committed more than $40 billion in 2026 across the AI stack, including frontier AI labs, neoclouds (specialized cloud providers), infrastructure companies and emerging technologies. Its holdings and commitments include OpenAI, CoreWeave, Nebius, Intel, SpaceX and Nokia, while Nvidia said the investments are intended to expand growth opportunities, cultivate its ecosystem and strengthen its competitive position. Nvidia also announced partnerships intended to mobilize more than $500 billion in financing for its graphics processing units (GPUs), offered up to $105 billion of conditional credit support for an OpenAI data center in Ohio, and said Thursday it plans to acquire Hugging Face for $12.9 billion. The strategy is designed to support demand for Nvidia chips, broaden its customer base and reinforce its position as AI infrastructure scales. Fiscal-second-quarter revenue rose 106% year over year to $96.2 billion, including $48.7 billion from the Hyperscale segment, with growth driven largely by the Vera Rubin AI platform. Nvidia also returned a record $26 billion to shareholders after raising its dividend by 2,400%.