Nvidia’s Biggest AI Bet Is Crashing Its ‘Secret Portfolio.’ Can It Recover?

Shutterstock Quick Read Nvidia (NVDA) invested $350M in CoreWeave (CRWV) before its IPO and now holds a 7% stake. CoreWeave accounts for over 86% of Nvidia’s $3.84B AI investment portfolio. CoreWeave dropped 60% from its June peak to $39B market cap. The company posted $1.36B in Q3 revenue but continues losing money despite strong growth. Nvidia committed to purchase $6.3B of unsold CoreWeave cloud capacity through 2032, but this revenue backstop raises questions about real end-user AI demand. If y ...