Nvidia Q2: Jensen Is Building His AI Berkshire
Nvidia's Q2 earnings report shows strong financial performance, with the company increasingly diversifying its assets into a portfolio of tech companies. The analyst maintains a buy rating, noting that Nvidia's strategic investments in firms like Intel and SpaceX resemble a Berkshire Hathaway-style holding model.
Why it matters
Nvidia's shift from a pure hardware manufacturer to a strategic investor in the AI ecosystem signals a major evolution in how dominant tech firms consolidate market power.
Earnings Analysis Tech Nvidia Q2: Jensen Is Building His AI Berkshire Aug 27, 2026, 7:00 AM ET NVIDIA Corporation (NVDA) Stock , ZNVD:CA Stock , NVDA:CA Stock 6 Comments Jack Bowman 10.35K Followers Follow Summary Nvidia beat on both lines, $96.2B revenue and $2.46 EPS, but the story is the balance sheet. I'm holding my shares and maintaining my buy rating. The equity portfolio was under 5% of assets a year ago. It is almost 20% today, roughly $63.4B, mostly Intel and SpaceX. Nvidia de facto owns companies it de jure only licenses from and hires out of. Groq is the model, and Hugging Face now fills out the private side. Risks to consider: OpenAI and Anthropic are 40% of Microsoft, Oracle, Alphabet, and Amazon demand. A default at either one stops the music, and Nvidia cannot control that.
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