Nvidia has built a $99 billion equity portfolio from almost scratch in 2 years

Nvidia CEO Jensen Huang. Tomohiro Ohsumi/Getty Images Nvidia has amassed $99 billion in equity investments by backing its tech peers. That's a 14-fold increase from last summer when it had a roughly $7 billion equity portfolio. Nvidia has said it's helping customers meet demand, but skeptics have said it's "overreaching." Nvidia has built a nearly $100 billion equity portfolio from virtually scratch in just two years by investing in other tech companies. The AI chipmaker, led by CEO Jensen Huang, held $99 billion in equity investments as of July 26, according to its latest earnings report . That included roughly $48 billion in publicly traded stocks and other marketable securities, $48 billion in shares of private companies and other non-marketable securities, and $3 billion in equity-method investments. Its equity portfolio surged 14-fold in a year from about $7 billion last summer, and 45-fold from $2.2 billion two summers ago.