The world’s largest company by market cap is pouring nearly two billion dollars into a high-tech manufacturer whose stock has more than quadrupled in one year.
According to a new filing with the U.S. Securities and Exchange Commission (SEC), chipmaker Nvidia opened a new position worth approximately $1.86 billion in optical materials and semiconductors manufacturer Coherent Corp in the first quarter of 2026.
Coherent is trading at $374 at time of writing and has gone up 373% in 12 months. The maker of optical materials and semiconductors recorded a 1,118% year-on-year increase in profits in the quarter that ended in March.
Besides the investment in Coherent, Nvidia also opened a new position in biotech company Generate Biomedicines worth approximately $10.42 million in the first quarter. During the same period, Nvidia also grew its position in the artificial intelligence-focused cloud computing firm, CoreWeave, by 95%. Nvidia’s position in CoreWeave is now worth approximately $3.66 billion. Nvidia first invested in CoreWeave in the first quarter of 2025.
Currently, Nvidia’s largest investment in its stock portfolio is chipmaker Intel. As of the end of the first quarter, Nvidia’s stake in Intel was valued at $9.48 billion. Nvidia acquired the stake in the fourth quarter of 2025.
Other relatively smaller investments in Nvidia’s stock portfolio are software company Synopsys, telecommunications infrastructure firm Nokia and AI infrastructure provider Nebius Group.
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