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Huang regrets underinvesting in frontier labs, signaling more NVIDIA equity investments ahead
“Frankly, I just wish I invested more. And now that they're scaling up, the tokens they're generating are profitable, their services are profitable, the number of customers is growing incredibly.”
Why it matters
A clear statement of intent to deepen NVIDIA's equity stakes in frontier labs, plus a first-party claim that token-based services have reached profitability at scale.
Investment implication
Investors should expect NVIDIA to deploy more balance-sheet capital into private frontier labs (OpenAI, Anthropic, xAI et al.), entrenching its ecosystem while adding private-market exposure — relevant for NVDA capital allocation analysis.