The world’s largest company by market capitalization is investing nearly $2 billion in a high-tech manufacturer whose shares have more than quadrupled in one year.
According to a new one submit At the U.S. Securities and Exchange Commission (SEC), chipmaker Nvidia opened a new position worth about $1.86 billion in optical materials and semiconductor manufacturer Coherent Corp. in the first quarter of 2026.
Coherent is trading at $374 at the time of writing and is up 373% in twelve months. The maker of optical materials and semiconductors posted a 1,118% year-over-year profit increase in the quarter ending in March.
In addition to the investment in Coherent, Nvidia also opened a new position in biotech company Generate Biomedicines in the first quarter valued at approximately $10.42 million. During the same period, Nvidia also grew its position in artificial intelligence-focused cloud computing company CoreWeave by 95%. Nvidia’s position in CoreWeave is now worth about $3.66 billion. Nvidia first invested in CoreWeave in the first quarter of 2025.
Currently from Nvidia largest investment in its stock portfolio is chip maker Intel. At 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 include software company Synopsys, telecommunications infrastructure company Nokia and AI infrastructure provider Nebius Group.
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Generated image: Midjourney