Nvidia Puts 80% of Its Portfolio in Intel and SpaceX Stocks

Nvidia has 80% of its investment portfolio concentrated in two AI-related stocks: 47% in Intel and 33% in SpaceX, as of the second quarter. This reveals where the AI chip giant sees future growth beyond its core business. SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year, driven by over 800% growth in AI revenue. The company has secured $41 billion in annual data center commitments from customers including Anthropic and Google, though its stock trades at 68 times sales. Intel showed a comeback with 25% revenue growth to $16.1 billion in Q2, its fastest in over 15 years, but still lost CPU market share to AMD and Arm. Both stocks carry high valuations, with Intel trading at 87 times adjusted earnings.