Featured image courtesy of Nvidia.

Nvidia expects its business to grow by an astounding 70% next year, CEO Jensen Huang told TechCrunch this week. Huang insists the company’s aggressive deal-making is not circular, arguing for continued expansion for the chip giant. This confidence follows rapid and significant outlays by Nvidia, including a major acquisition and a massive funding mobilization for AI infrastructure. New competitive alliances also emerge.

Weeks ago, Nvidia began to put its growth strategy in place. On August 11, Nvidia partnered with Wall Street firms including Apollo, BlackRock, Blackstone, and KKR to mobilize over $500 billion for AI infrastructure, as Livemint first reported and this outlet covered the same day. This capital will build AI computing infrastructure, directly investing in the market Nvidia’s GPUs dominate.

Just weeks later, on September 4, Nvidia made its largest acquisition to date, buying AI platform Hugging Face for $12.9 billion. This deal, reported by The Hindu, TechCrunch, and The Verge, brings the leading open-source AI model repository and development community under Nvidia’s wing. It gives Nvidia direct access to a vast network of developers and researchers building on top of AI models, strengthening its influence beyond hardware. Earlier in September, Nvidia also planned a $3.5 billion investment related to AI chip buildout. TechCrunch noted this move was part of Nvidia’s strategy to tackle big tech’s internal chip development.

Beyond the data center, Nvidia has also pushed into local AI compute. On September 4, the company launched its “Pair” personal AI router, a device designed to bring local large language model (LLM) processing capabilities into homes, as The Verge reported. This product launch shows Nvidia wants to extend its AI hardware dominance from enterprise infrastructure down to consumer devices, placing its chips central to AI applications at every scale.

Nvidia’s expansive ambitions face challenges. Today, Startuptalky reported that Qualcomm granted Amazon warrants to buy a $4 billion stake in the chipmaker. This agreement forms part of a new cooperation with Amazon Web Services (AWS) to develop customized data center chips. This transaction directly boosts Qualcomm’s push into AI infrastructure, particularly for inference workloads. This creates a new, formidable competitor to Nvidia in a crucial AI market segment. Amazon’s direct financial and strategic commitment to Qualcomm for custom AI chips shows a deliberate effort to reduce reliance on a single provider for its cloud AI services.

The sheer scale of the financial commitments around Nvidia is notable. KKR, one of the firms involved in the $500 billion AI infrastructure mobilization on August 11, also made other investments in recent months, including Rs 371.3 crore in Leap India on August 6 and an investment in BookMyShow on August 20. The magnitude of the $500 billion fund, however, dwarfs these other deals. This shows the extraordinary capital directed towards AI infrastructure, a sector where Nvidia seeks to maintain its commanding position.

Jensen Huang’s prediction of 70% growth for Nvidia next year comes from the company’s aggressive investments and acquisitions across the AI stack, from core infrastructure to developer platforms and consumer devices. Yet, the $4 billion Qualcomm-Amazon deal shows a significant escalation in competition. Major cloud providers, seeking alternatives for their AI chip needs, now have a new option through this Qualcomm-Amazon cooperation for customized data center chips.

How much capital did Nvidia help mobilize for AI infrastructure?

Nvidia partnered with firms including Apollo, BlackRock, Blackstone, and KKR to mobilize over $500 billion for AI infrastructure on August 11, 2026.

How much did Nvidia pay for Hugging Face?

Nvidia acquired AI platform Hugging Face for $12.9 billion on September 4, 2026.

What new alliance challenges Nvidia in AI infrastructure?

Qualcomm granted Amazon warrants to buy a $4 billion stake in the chipmaker as part of a cooperation with AWS to develop customized data center chips, directly boosting Qualcomm’s push into AI infrastructure.

Compiled by Launch91 Desk from the sources linked above. More about Launch91.