It's amazing what cash flow ($7.33 billion last quarter) will do for your risk tolerance.
From Business Insider via Yahoo Finance, January 31:
- Nvidia's startup investments jumped 280% year-over-year, S&P Global reported.
- While its venture activity jumped, other tech giants largely pulled back investing.
- Nvidia's blowout year provided it with a massive cash pile to unleash on AI-focused firms.
Nvidia's blowout performance last year has helped cement the firm as a rising star in corporate venturing, with the chipmaker's startup investments having nearly tripled in 2023, S&P Global reported on Tuesday.
Specifically, Nvidia's annual year-on-year investing has ballooned 280%, the agency calculated. That's in stark contrast to a broad retreat amid other tech giants, as leading firms such as Microsoft, Alphabet, and Meta curbed their startup activity. In fact, the Facebook parent company suspended venture initiatives altogether in 2023.
Pullbacks also extend to other firms that are historically leaders in corporate venturing, such as SoftBank Group and Tencent Holdings. Only IBM and Amazon expanded investments, which grew 100% and 13% year-on-year.
Nvidia's participation in 38 funding rounds also made the semiconductor juggernaut the fourth-biggest corporate venture investor of the year. Ahead of it stand Microsoft, Softbank, and Alphabet.
The firm tunneled $872 million in non-affiliated firms in the first nine months, according to its third-quarter report. The total value of rounds surpasses $5 billion, S&P Global cited....
....MUCH MORE
NVDA was up $31.33 (+4.97%) to $661.60 on Friday.