Nvidia Takes Stakes in French Startups as Investment Holdings Surge Past $51 Billion
Nvidia agreed to acquire minority stakes in four French startups, including Doctolib and Genesis AI, without disclosing terms. Its long-term investment holdings grew from $3.8 billion in July 2025 to $51.16 billion a year later, reflecting new investments and valuation changes. Nvidia also plans $2 billion in additional European investments, using its cash to support companies that may become future chip customers.
Nvidia is adding minority positions in four French companies: Doctolib, Genesis AI, Pigment, and Entalpic. Doctolib said the stake would support AI tool development, while Genesis AI named Nvidia a strategic investor. Financial terms were not released. CEO Jensen Huang also said $2 billion in fresh European investments would be announced the following week.
Nvidia's long-term investment holdings rose from $3.80 billion at July 2025's end to $51.16 billion a year later, a roughly $47 billion increase that includes valuation shifts. Its trailing four-quarter free cash flow was about $127 billion, making the Europe plan less than a week's cash generation.
Nvidia’s minority stakes could give French startups more resources to build AI products, potentially benefiting employees, customers, and Europe’s wider tech ecosystem. Doctolib’s users may eventually see new AI-enabled tools, though terms are undisclosed. At the same time, Nvidia’s growing investment book may tie more startup fortunes to its chips and capital, so if valuations or funding weaken, affected companies and their users could face slower development or reduced services. Investors may also feel gains or losses through Nvidia’s reported holdings.