Nvidia to stop investing in OpenAI and Anthropic, Huang's explanation raises questions
Mar 5th 2026
At a Morgan Stanley conference Jensen Huang said recent stakes in OpenAI and Anthropic will likely be Nvidia’s last because IPOs end the private investment window, but the company’s reduced commitments and rising political and strategic tensions suggest deeper reasons for the pullback.
- Huang said Nvidia will likely not make further private investments in OpenAI or Anthropic because public listings will close the investment window.
- Nvidia says its stakes are focused on expanding its ecosystem, pointing to remarks from an earnings call transcript.
- Nvidia’s OpenAI commitment closed at $30 billion after an earlier pledge of up to $100 billion, and Nvidia also announced a $10 billion stake in Anthropic.
- Political and strategic tensions, including Anthropic’s public objections to certain uses of its models, a U.S. blacklist, and a rapid Pentagon deal with OpenAI, complicate Nvidia’s position.