The companies each kind of event would reach, up to two steps away, along sourced relationships only. This is a map of connections, not a forecast: how much each company would feel is unknown unless a source states it.

What if NVIDIA spends less?

Companies that sell to it (its suppliers and infrastructure providers), then the companies those sellers buy from.

CoreWeave · directly, materiality unknownCoreWeave depends on sales to NVIDIA.
Micron · directly, materiality unknownMicron depends on sales to NVIDIA.
TSMC · directly, materiality unknownTSMC depends on sales to NVIDIA.

What if NVIDIA raises less money or its value falls?

Its investors, holders and guarantors, plus the companies that sell to it (a company that raises less tends to buy less), then their suppliers.

CoreWeave · directly, materiality unknownCoreWeave depends on sales to NVIDIA.
Micron · directly, materiality unknownMicron depends on sales to NVIDIA.
TSMC · directly, materiality unknownTSMC depends on sales to NVIDIA.

What if NVIDIA cannot deliver?

Companies that buy chips, parts or capacity from it, then their own customers.

CoreWeave · directly, a source states a figureCoreWeave depends on chips or parts from NVIDIA.
OpenAI · directly, materiality unknownOpenAI depends on chips or parts from NVIDIA.
Oracle · directly, materiality unknownOracle depends on chips or parts from NVIDIA.
Meta Platforms · two steps away, materiality unknownCoreWeave depends on chips or parts from NVIDIA; then Meta Platforms depends on compute or data-center capacity from CoreWeave.
Microsoft · two steps away, materiality unknownCoreWeave depends on chips or parts from NVIDIA; then Microsoft depends on compute or data-center capacity from CoreWeave.

What if NVIDIA's shares or stake lose value?

Holders of its shares, warrants or notes and guarantors of its obligations, then their holders.

No company in this network is connected to NVIDIA that way.

Filings

NVIDIA’s filings and its partners’

Company

Oct 22, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 15, 2026, 06:40 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 9, 2026, 08:21 ETMicron filed an annual report (10-K). Filing on SEC.govConnected:Anthropic NVIDIA
Oct 8, 2026, 06:12 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 30, 2026, 16:02 ETMicron filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:Anthropic NVIDIA
Sep 24, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 22, 2026, 16:17 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), unregistered sale of shares (Item 3.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAI Microsoft Meta Platforms NVIDIA
Sep 17, 2026, 07:13 ETCoreWeave filed a current report (8-K): Regulation FD disclosure (Item 7.01), other events (Item 8.01). Filing on SEC.govConnected:OpenAI Microsoft Meta Platforms NVIDIA
Sep 14, 2026, 06:01 ETOracle filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAI NVIDIA
Sep 11, 2026, 16:10 ETOracle filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAI NVIDIA
Sep 10, 2026, 16:16 ETOracle filed a current report (8-K): results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAI NVIDIA
Sep 10, 2026, 06:15 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 3, 2026, 08:03 ETNVIDIA filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAI SB Energy CoreWeave Oracle Anthropic Intel TSMC Micron
Sep 1, 2026, 06:07 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom

Evidence

Every relationship of NVIDIA

NVIDIA guarantees up to $105 billion of OpenAI’s data-center leasesNVIDIA · OpenAI · Aug 2026

Investment: credit guaranteeCommitted (future delivery)Filed with the SEC

NVIDIA agreed in August 2026 to back OpenAI’s lease payments at SB Energy’s PORTS-Pike campus in Ohio; the campus will host only NVIDIA systems.

Investment exposure: NVIDIA is exposed to the value or credit of OpenAI.
Investment dependence: OpenAI relies on capital or credit support from NVIDIA.
NVIDIA backs OpenAI’s obligations: money moves only if the guarantee is triggered.

First verified evidence: Aug 2026
Latest evidence: Aug 26, 2026

What the sources say

Guarantees capped at $105 billion, covering about 4.25 gigawatts of IT load leased by an OpenAI affiliate at SB Energy’s campus in Pike County, Ohio.
“In August 2026, we entered into guarantees, capped at a total of $105 billion, to provide credit support on a land, power, and shell buildout with affiliates of SB Energy Corp. (SB Energy) on behalf of a customer, an affiliate of OpenAI Group PBC (OpenAI), related to leases for approximately 4.25 gigawatts of IT load in the aggregate at SB Energy’s PORTS Technology Campus in Pike County, Ohio.”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026
NVIDIA’s exposure declines as OpenAI pays its leases; the guarantees end if OpenAI reaches a satisfactory credit rating or the leases run out.
“The guarantees terminate upon certain events, including OpenAI achieving a satisfactory credit rating or after each respective lease term has completed.”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Described, no figure NVIDIA names the risk but gives no share: if OpenAI does not perform and a guarantee is triggered, NVIDIA may assume the lease or seek a replacement tenant.
“If OpenAI does not perform its obligations or becomes subject to an insolvency event, and a guarantee is triggered, we may assume the applicable lease”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states how much of its data-center financing depends on this support.

OpenAI plans at least 10 gigawatts of NVIDIA systemsNVIDIA · OpenAI · Sep 22, 2025

SupplierAnnounced, not confirmedFiled with the SEC

A September 2025 letter of intent: OpenAI to deploy at least 10 gigawatts of NVIDIA systems, with NVIDIA intending to invest up to $100 billion as they are deployed. NVIDIA’s filings do not confirm a final agreement.

Supplier dependence: OpenAI depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to OpenAI.
OpenAI pays NVIDIA for chips or parts (announced, not confirmed).

First verified evidence: Sep 22, 2025
Latest evidence: Aug 17, 2026

What the sources say

A letter of intent for at least 10 gigawatts of NVIDIA systems for OpenAI.
“Strategic partnership enables OpenAI to build and deploy at least 10 gigawatts of AI data centers with NVIDIA systems representing millions of GPUs for OpenAI’s next-generation AI infrastructure.”
NVIDIA (newsroom), Sep 22, 2025excerpt re-checked Oct 18, 2026
NVIDIA intends to invest up to $100 billion in OpenAI, step by step as each gigawatt is deployed.
“To support the partnership, NVIDIA intends to invest up to $100 billion in OpenAI progressively as each gigawatt is deployed.”
NVIDIA (newsroom), Sep 22, 2025excerpt re-checked Oct 18, 2026
February 2026: NVIDIA was finalizing an investment and partnership agreement, with no assurance of completion.
“We are finalizing an investment and partnership agreement with OpenAI. There is no assurance that we will enter into an investment and partnership agreement with OpenAI or that a transaction will be completed.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026
August 2026: OpenAI will be the customer of the PORTS-Pike campus in Ohio, which will host only NVIDIA AI compute.
“NVIDIA will be the exclusive AI compute infrastructure provider at PORTS-Pike”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown NVIDIA does not name OpenAI among its customers’ revenue shares.
To OpenAI: Unknown OpenAI is private; no source states what share of its chips come from NVIDIA.

NVIDIA’s 10-Q for the quarter to July 26, 2026 no longer repeats the "finalizing" sentence and does not name an OpenAI investment. Press reports of a $30 billion NVIDIA investment in OpenAI are listed under "Not included".

NVIDIA will invest $1.5 billion in SB EnergyNVIDIA · SB Energy · Aug 17, 2026

Investment: sharesAnnounced, not confirmedFiled with the SEC

NVIDIA said in August 2026 it will invest $1.5 billion in SB Energy, whose existing investors are SoftBank Group and OpenAI.

Investment exposure: NVIDIA is exposed to the value or credit of SB Energy.
Investment dependence: SB Energy relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to SB Energy (announced, not confirmed).

First verified evidence: Aug 17, 2026
Latest evidence: Aug 17, 2026

What the sources say

$1.5 billion, joining existing investors SoftBank Group and OpenAI.
“NVIDIA will invest $1.5 billion in SB Energy, joining existing investors SoftBank Group and OpenAI.”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To SB Energy: Unknown SB Energy is private.

Every GPU in CoreWeave’s cloud is an NVIDIA GPUNVIDIA · CoreWeave · Sep 15, 2025

SupplierActiveFiled with the SEC

CoreWeave buys its GPUs from NVIDIA; its customer contracts specify NVIDIA GPUs.

Supplier dependence: CoreWeave depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to CoreWeave.
CoreWeave pays NVIDIA for chips or parts.

First verified evidence: Sep 15, 2025
Latest evidence: Aug 12, 2026

What the sources say

NVIDIA supplies CoreWeave with GPUs and is a stockholder.
“In addition to the MSA, NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown NVIDIA does not name CoreWeave’s share of its revenue.
To CoreWeave: Disclosed All of the GPUs in CoreWeave’s infrastructure are NVIDIA GPUs.
“all of the GPUs used in our infrastructure today are NVIDIA GPUs”
CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026

NVIDIA is a CoreWeave shareholder and bought $2 billion more in 2026NVIDIA · CoreWeave · Sep 15, 2025

Investment: sharesActiveFiled with the SEC

NVIDIA is a CoreWeave stockholder and bought 22,935,780 more shares at $87.20 in a January 2026 private placement.

Investment exposure: NVIDIA is exposed to the value or credit of CoreWeave.
Investment dependence: CoreWeave relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to CoreWeave.

First verified evidence: Sep 15, 2025
Latest evidence: Jan 26, 2026

What the sources say

NVIDIA is a stockholder of CoreWeave.
“NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
January 23, 2026: 22,935,780 shares sold to NVIDIA at $87.20, $2 billion in cash.
“On January 23, 2026, the Company completed the issuance and sale of 22,935,780 shares of the Company’s Class A common stock, par value $0.000005 per share (the “Shares”), pursuant to the Purchase Agreement, at a price of $87.20 per share for an aggregate purchase price of $2 billion in cash.”
CoreWeave (SEC filing), 8-K, Jan 26, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To CoreWeave: Unknown No share of CoreWeave’s capital is stated.

NVIDIA must buy CoreWeave’s unsold capacity through April 2032CoreWeave · NVIDIA · Apr 10, 2023

InfrastructureActiveFiled with the SEC

Under a September 2025 order with an initial value of $6.3 billion, NVIDIA buys any CoreWeave capacity its other customers leave unused, through April 13, 2032.

Infrastructure dependence: NVIDIA depends on compute or data-center capacity from CoreWeave.
Customer dependence: CoreWeave depends on sales to NVIDIA.
NVIDIA pays CoreWeave for compute or data-center capacity.

First verified evidence: Apr 10, 2023
Latest evidence: Sep 15, 2025

What the sources say

A $6.3 billion order under a services agreement dated April 10, 2023.
“under the existing Master Services Agreement (“MSA”) dated as of April 10, 2023, which has an initial value of $6.3 billion”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
NVIDIA is obligated to purchase residual unsold capacity through April 13, 2032.
“NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

How much it matters

To CoreWeave: Unknown No share of revenue is stated.
To NVIDIA: Unknown Not stated.

Oracle’s largest AI clusters run on NVIDIA GPUsNVIDIA · Oracle · Oct 14, 2025

SupplierActiveStated by one company

Oracle’s Zettascale10 clusters connect hundreds of thousands of NVIDIA GPUs, with deployments of up to 800,000.

Supplier dependence: Oracle depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to Oracle.
Oracle pays NVIDIA for chips or parts.

First verified evidence: Oct 14, 2025
Latest evidence: Oct 14, 2025

What the sources say

Hundreds of thousands of NVIDIA GPUs across multiple data centers.
“OCI Zettascale10 connects hundreds of thousands of NVIDIA GPUs across multiple data centers”
Oracle (newsroom), Oct 14, 2025excerpt re-checked Oct 18, 2026
Initial deployments of up to 800,000 NVIDIA GPUs.
“Initially, OCI Zettascale10 clusters will target deployments of up to 800,000 NVIDIA GPUs”
Oracle (newsroom), Oct 14, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To Oracle: Unknown Oracle does not state NVIDIA’s share of its purchases.

NVIDIA committed up to $10 billion to AnthropicNVIDIA · Anthropic · Nov 18, 2025

Investment: sharesPartly completedStated by both companies

Announced in November 2025; Anthropic says its February 2026 Series G included a portion of it. The amount invested so far is not stated.

Investment exposure: NVIDIA is exposed to the value or credit of Anthropic.
Investment dependence: Anthropic relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to Anthropic.

First verified evidence: Nov 18, 2025
Latest evidence: Feb 12, 2026

What the sources say

Up to $10 billion.
“NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.”
Anthropic (newsroom), Nov 18, 2025excerpt re-checked Oct 18, 2026
The Series G round included a portion of the investments from Microsoft and NVIDIA.
“This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.”
Anthropic (newsroom), Feb 12, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To Anthropic: Unknown Anthropic is private.

NVIDIA bought $5 billion of Intel sharesNVIDIA · Intel · Sep 15, 2025

Investment: sharesActiveFiled with the SEC

Agreed on September 15, 2025 and completed on December 26, 2025: 214,776,632 Intel shares at $23.28.

Investment exposure: NVIDIA is exposed to the value or credit of Intel.
Investment dependence: Intel relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to Intel.

First verified evidence: Sep 15, 2025
Latest evidence: Feb 25, 2026

What the sources say

214,776,632 shares for $5.0 billion, $23.28 a share (December 26, 2025).
“On December 26, 2025, Intel Corporation (the “Company”) completed the issuance and sale of 214,776,632 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), to NVIDIA Corporation (“NVIDIA”), for an aggregate purchase price in cash of $5.0 billion, representing a price per share of $23.28 per share.”
Intel (SEC filing), 8-K, Dec 29, 2025excerpt re-checked Oct 18, 2026
Under a purchase agreement dated September 15, 2025.
“dated September 15, 2025, between the Company and NVIDIA”
Intel (SEC filing), 8-K, Dec 29, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Described, no figure NVIDIA cites gains on the Intel investment among its other income, without a separate amount.
“including gains from our previously announced investment in Intel’s common stock”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026
To Intel: Unknown No share of Intel’s capital is stated.

TSMC makes NVIDIA’s chipsTSMC · NVIDIA · Feb 25, 2026

SupplierActiveFiled with the SEC

NVIDIA uses foundries such as TSMC and Samsung to produce its wafers.

Supplier dependence: NVIDIA depends on chips or parts from TSMC.
Customer dependence: TSMC depends on sales to NVIDIA.
NVIDIA pays TSMC for chips or parts.

First verified evidence: Feb 25, 2026
Latest evidence: Feb 25, 2026

What the sources say

NVIDIA uses foundries such as TSMC and Samsung for its wafers.
“We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026

How much it matters

To TSMC: Unknown Not stated in the sources reviewed.
To NVIDIA: Unknown NVIDIA does not state TSMC’s share of its wafers.

Micron supplies NVIDIA’s memoryMicron · NVIDIA · Feb 25, 2026

SupplierActiveFiled with the SEC

NVIDIA buys memory from SK Hynix, Micron and Samsung.

Supplier dependence: NVIDIA depends on chips or parts from Micron.
Customer dependence: Micron depends on sales to NVIDIA.
NVIDIA pays Micron for chips or parts.

First verified evidence: Feb 25, 2026
Latest evidence: Feb 25, 2026

What the sources say

NVIDIA buys memory from SK Hynix, Micron and Samsung.
“We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Micron: Unknown Not stated in the sources reviewed.
To NVIDIA: Unknown NVIDIA does not state Micron’s share.

Catalog BESTIES-v1, reviewed Oct 18, 2026. Paper research only, not investment advice. Method and sources

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