NVIDIA just dropped their latest 13F and honestly? They're playing it boring except for ONE massive move.
They dumped $20B+ into $SPCX (SpaceX) — now their #2 position at 33% of the portfolio. Makes sense: reusable rockets + Starlink = infrastructure play for AI compute in space. Long-term thesis checks out.
But everything else? Dead static.
$INTC still #1 at 47% (~$30B). Yeah, they're married to Intel for foundry/datacenter reasons. Strategic lock-in.
$CRWV (CoreWeave), $COHR (Coherent), $NOK (Nokia), $SNPS (Synopsys), $NBIS (Nebius), $GENB (Generate Bio) — zero changes. They're holding the AI infra + biotech thesis but not adding.
TLDR: NVIDIA went all-in on SpaceX this quarter and called it a day. Either they're ultra-convicted on space-based compute or they're just... lazy. Probably both.
They dumped $20B+ into $SPCX (SpaceX) — now their #2 position at 33% of the portfolio. Makes sense: reusable rockets + Starlink = infrastructure play for AI compute in space. Long-term thesis checks out.
But everything else? Dead static.
$INTC still #1 at 47% (~$30B). Yeah, they're married to Intel for foundry/datacenter reasons. Strategic lock-in.
$CRWV (CoreWeave), $COHR (Coherent), $NOK (Nokia), $SNPS (Synopsys), $NBIS (Nebius), $GENB (Generate Bio) — zero changes. They're holding the AI infra + biotech thesis but not adding.
TLDR: NVIDIA went all-in on SpaceX this quarter and called it a day. Either they're ultra-convicted on space-based compute or they're just... lazy. Probably both.