Jensen Huang, CEO of Nvidia Corporation (NASDAQ:NVDA), stated that the company’s investment approach is to back a wide array of tech firms, rather than just a select few.
While speaking on the “Dwarkesh” podcast, aired on Wednesday, Huang clarified, “There are so many great, amazing foundation model companies, and we try to invest in all of them. We don’t pick winners. We need to support everyone.”
Huang cited two reasons for this strategy. First, he believes it’s not Nvidia’s job to pick winners. Second, he referred to the company’s own history as a guiding lesson.
The CEO reminisced that Nvidia was once an unlikely survivor among 60 D graphics companies and wasn’t expected to succeed. “Nvidia would be at the top of that list not to make it,” Huang said.
He recollected that the company’s graphics architecture didn’t seem promising back then. “Everybody would have counted us out,” he admitted. “And here we are. So I have enough humility to recognize that. Don’t pick winners.”
Nvidia Bets Big Across AI Ecosystem
Nvidia has invested widely across AI and related sectors, with major stakes in firms like CoreWeave Inc. (NASDAQ:CRWV), Intel Corp (NASDAQ:INTC), Synopsys Inc. (NASDAQ:SNPS), and Nokia. The Jensen Huang-led company has also invested in start-ups like OpenAI, Anthropic and Mistral AI.
In March, Huang said Nvidia’s $30 billion OpenAI investment may be its last before the startup’s IPO and ruled out a $100 billion deal, adding its $10 billion Anthropic investment is likely final too.
Nvidia has also made smaller investments in startups like driverless car startup Wayve, data curation company Scale AI, and humanoid robotics startup Figure AI.
However, earlier this month, Nvidia categorically denied rumors about acquiring a PC maker, despite speculation leading to a spike in stocks of potential targets like Hewlett Packard Enterprise (NYSE:HPE) and Dell (NASDAQ:DELL).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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