06:56 AM EST, 01/03/2025 (MT Newswires) -- (Updates with company comment and latest stock movement beginning in the penultimate paragraph.)

Nvidia ( NVDA ) invested an aggregate of $1 billion in artificial intelligence companies last year that ranged across 50 start-up funding rounds and numerous corporate agreements, the Financial Times reported Wednesday, citing filings and Dealroom research.

In 2023, Nvidia ( NVDA ) spent a total of $872 million across 39 start-up rounds, the news outlet said.

The semiconductor giant signed more deals than Microsoft (MSFT) and Amazon.com (AMZN) in 2024, although Alphabet's (GOOG, GOOGL) Google was far ahead, the report quoted Dealroom.

Nvidia ( NVDA ) collectively made more acquisitions last year than the prior four years combined, the FT said, citing Dealroom.

A Nvidia ( NVDA ) spokesperson told MT Newswires that the company is working to grow its ecosystem and enhance its platform for everyone.

Shares of Nvidia ( NVDA ) were up 3% at market close on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)