Nvidia Portfolio Update — Here’s What Changed
Most investors follow Nvidia for its GPUs and AI dominance. What many don’t realize is that Nvidia also files quarterly 13F disclosures—the same regulatory filings used by hedge funds and large asset managers to report their public stock holdings. These filings reveal a snapshot of Nvidia’s equity portfolio at the end of each quarter and show how the company reallocates capital across publicly traded firms.
The Q4 2025 filing highlights a notable reshaping of Nvidia’s reported portfolio. The company exited several prior positions while building sizable stakes in a handful of technology and infrastructure companies tied to computing, connectivity, and chip development. Importantly, these newly disclosed investments did not come as a surprise to the market, as Nvidia had already publicly announced partnerships and strategic deals with the same companies earlier in 2025, signaling its intentions well before the positions appeared in regulatory filings. Below is a breakdown of those updates and what each company does, along with context from those previously announced collaborations.
Major New Strategic Holdings
Intel Corp. ($INTC)
Intel is Nvidia’s largest reported holding, accounting for about 60.48% of its disclosed equity portfolio.
Nvidia’s stake followed a publicly announced partnership on September 18, 2025, in which the companies agreed to jointly develop multiple generations of data-center and personal-computing products. The collaboration centers on tightly integrating Intel CPUs with Nvidia’s accelerated computing platform using NVLink interconnect technology, including Intel-built custom x86 processors designed specifically for Nvidia AI infrastructure systems, as well as future PC system-on-chips that combine Intel CPUs with Nvidia RTX GPU chiplets. The announcement drew significant industry attention because it marked unusually close technical cooperation between two companies historically seen as competitors in adjacent segments of the computing stack.
By the end of 2025, Nvidia’s investment appeared in its 13F filing as one of its largest outside equity positions, confirming that the previously announced collaboration was accompanied by a substantial financial stake.
Synopsys, Inc. ($SNPS)
Synopsys represents roughly 17.28% of Nvidia’s reported portfolio, making it the second-largest disclosed position and a significant allocation toward the software layer of semiconductor development. Synopsys develops electronic design automation tools used globally by engineers to design, simulate, and verify advanced chips before they enter production.
Nvidia’s position followed a late-2025 announcement aimed at integrating Nvidia’s accelerated computing and artificial intelligence technologies with Synopsys’ engineering platforms. As part of that agreement, Nvidia disclosed it invested $2 billion in Synopsys common stock at a purchase price of $414.79 per share, confirming the collaboration
The partnership spans multiple technical initiatives, including accelerating Synopsys applications using NVIDIA CUDA-X libraries, enabling AI-driven engineering workflows, developing advanced digital twin simulation environments, and making GPU-accelerated engineering tools accessible through cloud deployment. By year-end, Nvidia’s position appeared in its 13F filing, confirming that the previously announced strategic alliance was accompanied by a significant ownership stake.
Nokia ($NOK)
Nokia makes up approximately 8.21% of the disclosed portfolio, giving Nvidia a meaningful stake in one of the world’s longstanding telecommunications infrastructure providers. Nokia develops networking hardware, wireless systems, fiber solutions, and enterprise connectivity platforms used by carriers and technology operators worldwide.
Nvidia publicly announced on October 28, 2025 that it would invest $1 billion in Nokia as part of a strategic partnership focused on building AI-native wireless networks and next-generation connectivity platforms. The collaboration centers on integrating Nvidia’s accelerated computing technology into Nokia’s radio access network portfolio, including development of commercial AI-RAN infrastructure capable of supporting both 5G-Advanced and future 6G systems.
The announcement also outlined participation from ecosystem partners such as T-Mobile, which plans to test AI-RAN technologies beginning in 2026, and Dell Technologies, whose servers will power portions of the new platform. By year-end, Nvidia’s investment appeared in its 13F filing, confirming that the previously announced partnership was accompanied by a completed equity position.
Other Active Positions
CoreWeave ($CRWV) remains one of Nvidia’s most notable holdings. The company operates cloud infrastructure designed specifically for AI workloads and rents high-performance compute capacity to enterprises and developers. Its business model is closely tied to demand for advanced GPUs, making it a natural partner within Nvidia’s broader ecosystem.
Nebius Group ($NBIS) is another reported position, though smaller. The firm builds AI-focused data centers and cloud platforms that provide access to large-scale computing resources for training and deploying machine-learning systems.
Exited / Closed Positions (During Q4 2025)
- WeRide ($WRD) – Autonomous driving technology company.
- Applied Digital ($APLD) – Digital infrastructure and HPC data center operator (position reported sold as of Dec 31, 2025).
- Arm Holdings ($ARM) – Chip-design and architecture licensor.
- Recursion Pharmaceuticals ($RXRX) – Biotechnology company using machine learning to accelerate drug discovery.
These exits reflect a narrowing of Nvidia’s reported public holdings, with strategic additions in semiconductors, compute infrastructure and networking.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
