Key Highlights
- Nvidia’s Q1 2026 SEC filing reveals it holds 47.2 million CoreWeave (CRWV) shares, representing a 94.5% jump from its Q4 2025 position.
- The chipmaking giant also disclosed owning 7.8 million shares of Coherent (COHR), a materials supplier for chips, lasers, and optical components.
- These investment positions are reported as of March 31, 2026, according to regulatory documents.
- Nvidia’s relationship with CoreWeave dates back to 2021, when the cloud provider was still a nascent GPU-centric startup.
- Analysts maintain a Strong Buy rating on NVDA stock with a $280.31 average price target, suggesting approximately 24% potential upside.
The latest regulatory disclosure from Nvidia has thrust two AI-connected companies into the market’s attention. The semiconductor leader revealed expanded stakes in both CoreWeave (CRWV) and Coherent (COHR) based on positions held through the end of March 2026.
Nvidia’s CoreWeave Class A share count now stands at 47.2 million. This marks a substantial 94.5% expansion from the 24.3 million shares it owned at the close of Q4 2025. The acquisition effectively doubles down on a relationship with one of today’s most rapidly expanding AI cloud infrastructure providers.
CoreWeave, Inc. Class A Common Stock, CRWV
The foundation of CoreWeave’s infrastructure has relied on Nvidia technology since inception. Nvidia’s initial investment came in 2021, during CoreWeave’s early days as a boutique GPU-powered cloud service, making this recent position increase a logical continuation of their long-standing partnership.
CoreWeave has evolved into a significant player in the AI cloud space with ambitious scaling objectives extending throughout 2026. The company’s infrastructure supports intensive AI computing requirements for corporate customers and serves as a crucial distribution channel for Nvidia’s GPU inventory.
Nvidia Expands Coherent Holdings
In addition to the CoreWeave investment, Nvidia’s filing shows ownership of 7.8 million shares in Coherent (COHR). Coherent specializes in manufacturing materials essential for semiconductor production, laser technology, and optical systems — vital elements within the supply infrastructure supporting high-performance computing and sophisticated chip assembly.
While Coherent operates away from the AI spotlight compared to more prominent names, it occupies a position in the supply ecosystem that proves difficult to substitute. As AI systems become increasingly energy-intensive, the market for its specialized materials has expanded correspondingly.
Taken together, these two investments illustrate Nvidia’s approach to securing strategic positions throughout the AI technology stack beyond its primary semiconductor operations. Instead of limiting itself to hardware sales, Nvidia is establishing financial stakes across cloud platform infrastructure and the fundamental materials that enable production.
Analyst Sentiment on NVDA
Nvidia stock declined 4.42% on the trading day when the SEC filing was released. CoreWeave shares fell 6.05% while Coherent dropped 5.55% during the same period.
Notwithstanding these single-session declines, Wall Street analysts maintain overwhelmingly positive views on NVDA. The stock holds a Strong Buy consensus rating derived from 40 Buy recommendations, one Hold rating, and one Sell rating issued within the last three months.
Analysts’ average price target stands at $280.31, implying a potential 24.4% appreciation from present trading levels.
The regulatory filing documents investment positions as of March 31, 2026, providing a comparison to holdings reported at December 2025 quarter-end. The near-doubling of the CoreWeave position represents the most notable portfolio adjustment during this period.
CoreWeave completed its public market debut earlier this calendar year and rapidly became among the most monitored AI infrastructure investments available to traders. Nvidia’s amplified ownership stake introduces an additional dimension to the company’s investment narrative.
