Recent analysis of NVIDIA's investment portfolio reveals a highly concentrated strategy, with 95% of its $4.3 billion in stock holdings invested in two key artificial intelligence (AI) partners: CoreWeave and Arm Holdings. The majority of this investment, 91%, is in CoreWeave, a specialized GPU cloud provider, with an additional 4% in chip designer Arm. This significant financial commitment underscores NVIDIA's strategy of fostering an ecosystem around its technology. The investment in CoreWeave helps secure a major customer and partner for its data center GPUs, while the stake in Arm reflects the growing importance of Arm's energy-efficient processor architecture for AI workloads in data centers. This strategic backing of key players is seen as a way for NVIDIA to solidify its market leadership and influence the evolution of AI infrastructure. While the news is an interpretation of a public filing and not a new announcement, it provides investors with a clearer view of NVIDIA's strategic dependencies and convictions. The reports did not indicate a significant market reaction to this specific analysis, but it reinforces the narrative of NVIDIA's central role in the AI hardware and infrastructure market.