Nvidia Commits $70 Billion to AI Startups as OpenAI Draws $30 Billion

3 articles · Updated · Yahoo Finance · Aug 12

$70 billion in equity commitments to AI ecosystem partners gives Nvidia a large second lever beyond chip sales, with Bank of America highlighting $30 billion for OpenAI, up to $10 billion for Anthropic and $5 billion for Safe Superintelligence.
Bank of America said the spending is manageable because Nvidia could generate about $470 billion in free cash flow in 2026-2027, putting the investment pool at roughly 15% of that total while still supporting its pledge to return 50% to shareholders.
The thesis is that stakes in private AI leaders could add shareholder value when companies such as OpenAI and Anthropic eventually list at high valuations, limiting perceived downside to the portfolio.
Nvidia shares have risen 4% in the past month versus the S&P 500's 2.4% gain and sit about 5% below their $236.54 52-week high ahead of Aug. 26 earnings.
That setup leaves little room for disappointment, with analysts noting the stock fell after the last two earnings reports even as they stay bullish on Nvidia's Vera Rubin cycle and roughly 70% industry share.