The world's most valuable company holds stakes in a number of smaller tech players.
You've probably heard that AI chip giant Nvidia ( NVDA 2.15% ) -- the largest company in the world by market capitalization -- recently announced plans to buy a $5 billion stake in rival Intel ( INTC -2.00% ) . It also plans to put $100 billion over several years into OpenAI, the creator of ChatGPT .
If that sounds a bit crazy, it's not. Lots of public companies own stakes in other businesses. And, in fact, Nvidia already holds significant stakes in six other tech companies:
CoreWeave ( CRWV 2.83% ) , an AI cloud-computing infrastructure provider.
Arm Holdings ( ARM 0.87% ) , a British semiconductor and software design specialist.
Applied Digital ( APLD 1.45% )