NVDA · 10-K · 2026A · Full report

Private Investments Exposure

NVIDIA CORP · 2026-02-25 · Importance 58 · Surprise 42

In fiscal year 2026 NVIDIA invested $17.5 billion in private companies and infrastructure funds, primarily supporting early-stage startups including AI model makers. The company notes many of these investments are illiquid and non-marketable and that the related early-stage companies may not become profitable in the near term, or at all. NVIDIA warns there is no assurance it will realize a return on these investments, creating potential volatility and illiquidity risk for its balance sheet and Other income.