Nvidia Eyes $40B in AI Infrastructure Investments, Strikes Deal with Corning and IREN
Nvidia is pouring billions into companies across the AI infrastructure stack, having surpassed $40 billion in equity commitments for 2026 alone. This week it signed investment pacts with data center operator IREN ($2.1 billion potential investment) and Corning ($3.2 billion), cementing Nvidia's strategy to fund the entire AI supply chain and ensure it runs on its hardware.
Nvidia's Expanding AI Investment Portfolio
Current Strategy: Nvidia is pouring billions of dollars at a time into companies across the AI infrastructure stack, while also signing commercial deals with them.
Recent Major Deals
This week alone Nvidia forged an agreement with data center operator IREN, giving it the right to invest up to $2.1 billion in the company, a day after Nvidia struck a pact with Corning, allowing it to invest up to $3.2 billion in the 175-year-old glass maker.
Corning Deal Details: As part of the Corning deal, the glass company is building three new U.S. facilities dedicated to optical technologies for Nvidia, which will likely be turning to fiber-optic cables instead of copper as it builds out its rack-scale systems.
Portfolio Expansion in 2026
In 2026, the pace of deals has kicked into overdrive, with Nvidia already topping $40 billion in commitments and expanding its portfolio to include more public equities. Previous investments include $2 billion in Marvell Technology as part of a strategic partnership to work on silicon photonics technology, and the same amount in Lumentum and Coherent, two companies developing photonics technologies.
Market Impact
Nvidia has been the biggest winner of the artificial intelligence boom, producing the graphics processing units required to train AI models and run large workloads. The global scramble to secure GPUs has lifted Nvidia's stock by more than 11-fold in four years, propelling the company to a roughly $5.2 trillion market cap and making it the most valuable business in the world.