Renaissance Technologies Portfolio: 10 Biggest Stocks

2. NVIDIA Corporation (NASDAQ:NVDA)

Stake Value as of Q2 2025: $1,172,726,130

NVIDIA Corporation (NASDAQ:NVDA) is among the Renaissance Technologies Portfolio: 10 Biggest Stocks. On September 22, the company announced to invest up to $100 billion in OpenAI and provide it with data center chips.

This partnership between two major players in the global AI race underscores the growing overlap of interests between tech giants developing advanced systems.

As part of the agreement, NVIDIA Corporation (NASDAQ:NVDA) will get a financial stake in OpenAI, which is also an important customer, while the investment will provide the latter with cash and the access it requires to acquire chips that are vital to maintaining its dominance in a fiercely competitive landscape.

The deal will involve two separate transactions, Reuters reported, citing a person familiar with OpenAI. After the agreement is finalized, NVIDIA Corporation (NASDAQ:NVDA) will invest in OpenAI’s non-voting shares, and then OpenAI can use the funds to buy the chips, said the report.

The two firms signed a letter of intent for the deployment of at least 10 gigawatts of NVDA systems for OpenAI, with the aim of further finalizing details of the strategic partnership in the coming weeks. NVIDIA Corporation (NASDAQ:NVDA) will start delivering the hardware in the second half of 2026.

Following the news, several analysts welcomed the deal as a positive development for NVIDIA Corporation (NASDAQ:NVDA), but also expressed concerns that some of the investment dollars might be coming back to the company in the form of chip purchases.