Nvidia Plans Up to $1 Billion Investment in AI Coding Startup Poolside
Nvidia is set to invest up to $1 billion in Poolside, a French AI startup specializing in coding automation tools. This move could elevate Poolside's valuation to $12 billion as part of a broader $2 billion funding round. Nvidia previously backed the startup in a $500 million Series B round last October.
The chipmaker's commitment starts at $500 million, with potential to double if Poolside meets its fundraising targets. Over $1 billion has already been secured, including $700 million from undisclosed investors. Nvidia's market cap briefly touched $5 trillion this week before a minor pullback.
Analysts remain bullish on Nvidia, maintaining a Strong Buy rating with 14.8% upside potential. The investment underscores Nvidia's aggressive positioning in AI infrastructure, from hardware to application-layer tools like Poolside's developer solutions.