In the age of artificial intelligence (AI), Nvidia (NVDA -0.30%) has come to be the defining stock of the era.
The chipmaker, best known for its AI components based on graphics processing units (GPUs), has seen skyrocketing demand for its products since the launch of ChatGPT. Demand has soared because its chips are well suited to meeting the intense computing demands necessary to run generative AI models.
NASDAQ: NVDA
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Much of Nvidia's growth has come organically. However, acquisitions have also played a role in its expanding semiconductor empire. No single acquisition has defined the company's growth -- that could have been Arm Holdings (ARM +1.10%), but regulators blocked the $40 billion deal. However, it has absorbed a number of smaller companies throughout its history.
More recently, it made headlines for taking minority stakes in several promising AI companies. Below, we'll take a look at how Nvidia stock has grown through acquisitions and how those deals fit into its current business.
What companies does Nvidia own?
Nvidia's subsidiaries aren't exactly household names, but they have played a significant role in its evolution, running the gamut from AI companies to chip designers. Keep reading to see which companies are on the list.
1. Run:ai, 2024
At the end of 2024, Nvidia closed on its $700 million acquisition of Run:ai. The company operates a platform on Kubernetes, which serves as the orchestration layer for modern AI and cloud infrastructure.
Run:ai has worked closely with Nvidia since 2020 and serves many of the world's biggest customers. The company will allow Nvidia's customers to access GPU solutions anywhere through a single fabric, improving utilization, infrastructure management, and flexibility.
Infrastructure
The deal took several months to pass regulatory muster, a sign that at a valuation of more than $3 trillion, Nvidia will have difficulty making acquisitions.
2. VinBrain, 2024
In December 2024, Nvidia acquired VinBrain, a start-up that makes medical products that use AI. As part of the acquisition, Nvidia agreed to open two AI research and data centers in Vietnam, where VinBrain is based. The details of the acquisition were undisclosed. VinBrain was a division of Vingroup, which invested almost $5 million in the start-up in December 2023, so the buyout price was likely small.
As of 2025, there has been no new publicly available news, and information has not been released.
3. OctoAI, 2024
Another AI-focused acquisition Nvidia made in 2024 was OctoAI, a specialist in generative AI tools. Nvidia paid $250 million for OctoAI, formerly known as OctoML.
OctoAI is known for a technology that helps make AI hardware more accessible to developers with a hardware-agnostic software layer. It also supports popular large language models like Stable Diffusion and Meta's (META -1.75%) Llama.
As of 2025, there has been no new publicly available news, and information has not been released.
4. Brev.dev, 2024
In July 2024, Nvidia acquired Brev.dev, which helps AI developers find the lowest-priced GPU computers available from different cloud providers. The move seems designed to complement its fully managed AI platform, DGX Cloud service. Terms of the deal were undisclosed.
As of 2025, there has been no new publicly available news, and information has not been released.
5. Shoreline, 2024
Nvidia acquired Shoreline, an incident automation start-up, for a reported $100 million. Shoreline helps improve the reliability and efficiency of cloud-based services, providing a platform for companies to integrate observability tools and execute runbooks that allow customers to automate the identification of bugs and accelerate fixes.
As of 2025, there has been no new publicly available news, and information has not been released.
6. Deci, 2024
After Run:ai, Nvidia's biggest acquisition of 2024, appeared to be Deci, an Israeli AI start-up that Nvidia acquired for a reported $300 million. Deci's focus is on automating deep-learning model design to improve performance. Nvidia has also established a research and development (R&D) center in Israel after making several acquisitions in the country.
As of 2025, there has been no new publicly available news, and information has not been released.
7. OmniML, 2023
Nvidia's biggest acquisition of 2023 was AI start-up OmniML. This included technology that helps miniaturize machine learning applications, such as large language models, so they can run on devices like computers, smartphones, and other end-user devices, known as edge devices. Nvidia didn't publicly announce the acquisition, a sign that it may not have wanted it to attract attention.
OmniML had just announced a partnership with Intel (INTC +0.05%) the month before Nvidia made its acquisition. It's unclear whether the deal will unwind the Intel partnership, but it seems likely, considering Intel and Nvidia are close competitors in AI.
Nvidia dominates the data center market in AI, but the edge market is a dogfight at the moment, with several chipmakers fighting for market share. The OmniML acquisition could give Nvidia an advantage. It's unclear how much Nvidia paid for OmniML.
As of 2025, there has been no new publicly available news, and information has not been released.
8. Excelero Storage, 2022
In March 2022, Nvidia acquired Excelero, an Israeli company founded in 2014 that specializes in providing high-performance storage solutions. It's known for its flagship product, NVMesh, which helps provide scalable and low-latency storage solutions.
Excelero has strengthened Nvidia's capabilities in AI and high-performance computing (HPC) and has been an Nvidia partner since its early days. Given this relationship, the acquisition made sense for Nvidia.
As of 2025, there has been no new publicly available news, and information has not been released.
Venture Capital
However, Nvidia's decision to hold on to those shares acts as a kind of endorsement for Nano-X, which has struggled since its initial pop after it became publicly traded. Nano-X's ownership of Zebra Medical gives it exposure to AI since the company uses AI algorithms to find undetected signs of chronic diseases.
At just $380,000, Nvidia's stake in Nano-X is tiny. However, if its technology does pay off, there's a lot of upside for Nvidia.
However, as of 2025, Nvidia has exited its position in Nano-X Imaging.
16. Serve Robotics, 2024
Serve Robotics, which recently went public, is another company in which Nvidia has taken a small, arguably speculative stake. Serve Robotics makes autonomous food delivery robots that move along sidewalks.
It's signed up Uber (UBER -2.30%) Eats, Yum! Brands' (YUM +0.34%) Pizza Hut, and Shake Shack (SHAK +5.13%) as customers. However, Serve Robotics is still a development-stage company with less than $1 million annual run-rate revenue as of the third quarter of 2024.
However, by the end of 2024, Nvidia sold its stake in Serve Robotics and currently holds no position in the company.
17. Applied Digital, 2024
Nvidia invested $160 million in Applied Digital (APLD +2.09%), a company that designs and operates data centers and cloud services to support customers with HPC needs. Applied Digital seems like a natural partner for Nvidia, so it's no surprise to see Nvidia accumulating a stake in the company.
As of 2025, Nvidia held a $43.4 million position in the company.
What companies could Nvidia buy in the future?
Given its acquisition history and recent minority investments, there is a wide range of companies Nvidia could potentially acquire. The company clearly sees healthcare as a burgeoning field in AI, so it wouldn't be surprising to see it make more acquisitions in the health-tech field.
More acquisitions that would help the company strengthen its technology in accelerated computing also seem likely. Nvidia is launching PC chips for the first time, extending its leadership position in AI into PCs. Making an acquisition that would help that initiative also makes sense.
It's difficult to identify individual companies Nvidia could purchase, as the options range from start-ups to established publicly traded companies. But investors should expect Nvidia to continue strengthening and diversifying its positioning in AI through acquisitions.
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The bottom line on companies Nvidia owns
Nvidia owns a wide array of subsidiaries dating back to the company's early history. Those have played a key role in making the company one of the most valuable in the world.
These days, Nvidia is squarely focused on artificial intelligence. Almost all its recent acquisitions have been key to burnishing its AI credentials, whether by improving AI technology or entering new markets. Given the company's market-leading position in AI hardware, we will likely see more acquisitions from Nvidia in the coming years.
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