TLDR
- Nvidia disclosed a 47.2 million share stake in CoreWeave (CRWV), raising its position by 94.5% from Q4 2025 to Q1 2026.
- Nvidia also reported a 7.8 million share position in Coherent (COHR), a supplier of chip, laser, and optical materials.
- The holdings are as of March 31, 2026, per an SEC filing.
- Nvidia first invested in CoreWeave in 2021 when it was a small GPU-focused cloud startup.
- NVDA stock carries a Strong Buy consensus on Wall Street with an average price target of $280.31, implying roughly 24% upside.
Nvidia’s latest SEC filing has put two AI-linked names in the spotlight. The chipmaker disclosed raised positions in both CoreWeave (CRWV) and Coherent (COHR) as of March 31, 2026.
Nvidia now holds 47.2 million Class A shares in CoreWeave. That is a 94.5% increase from the 24.3 million it held at the end of Q4 2025. The move nearly doubles its bet on one of the fastest-growing AI cloud providers operating today.
CoreWeave, Inc. Class A Common Stock, CRWV
CoreWeave was built almost entirely on Nvidia hardware from the start. Nvidia first backed the company in 2021, when it was a small GPU-focused cloud startup, making this latest increase a natural extension of that early relationship.
CoreWeave has since grown into a major AI cloud provider with aggressive expansion plans through 2026. The platform runs large-scale AI workloads for enterprise clients and has become a key outlet for Nvidia GPU capacity.
Nvidia Deepens Coherent Position
Alongside the CoreWeave stake, Nvidia also reported holding 7.8 million shares in Coherent (COHR). Coherent makes materials used in chips, lasers, and optical components — critical parts of the supply chain for high-power computing and advanced chip packaging.
Coherent doesn’t get the same headlines as some AI names, but it sits in a part of the supply chain that is hard to replace. As AI systems grow more power-hungry, demand for its materials has risen alongside.
The two positions together point to Nvidia’s strategy of locking in critical parts of the AI stack beyond its core chip business. Rather than just selling the hardware, Nvidia is building financial exposure across cloud infrastructure and the raw materials that feed it.
What Wall Street Thinks of NVDA
Nvidia stock fell 4.42% on the day the filing became public. CoreWeave dropped 6.05% and Coherent fell 5.55% in the same session.
Despite the session losses, Wall Street remains broadly bullish on NVDA. The stock carries a Strong Buy consensus based on 40 Buy ratings, one Hold, and one Sell over the past three months.
The average price target sits at $280.31, which would represent a 24.4% gain from current levels.
The SEC filing reflects holdings as of March 31, 2026, compared with positions held at the end of December 2025. The nearly doubled CoreWeave stake is the standout move in the quarter.
CoreWeave itself went public earlier this year and quickly became one of the more closely watched AI infrastructure plays in the market. Nvidia’s increased stake adds another layer to that story.
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