NVDA · 10-Q · 2026Q2 · Full report

AI Infrastructure Investment

NVIDIA CORP · 2026-05-20 · Importance 64 · Surprise 42

In Q1 FY2027 NVIDIA invested $18.6 billion in private companies and infrastructure funds, including investments in AI model makers that may indirectly purchase or use NVIDIA products in the cloud. The company also made investments in publicly‑held equity securities, noting the values of those securities may fluctuate significantly and could adversely affect financial results. Cash used in investing activities rose to $(26,429) million in Q1 FY2027, primarily driven by these higher purchases of equity investment securities. NVIDIA stated it expects to continue investing in its ecosystem to enhance growth opportunities and support its AI infrastructure strategy.

Key facts

• NVIDIA made $18.6 billion in investments in private companies and infrastructure funds in the first quarter of fiscal year 2027. source
• Expanding energy capacity to meet demand is described as a complex, multi-year process involving significant regulatory, technical, and construction challenges that could delay deployments. source
• The availability of data centers, energy, and capital is crucial to support the buildout of NVIDIA AI infrastructure and any shortage could impact future revenue and financial performance. source