Nvidia’s reported $3.5 billion investment in MediaTek is being viewed as a strategic move to back potential winners in the next-generation ASIC market. Market commentary said the approach mirrors Nvidia’s earlier support for companies such as Nebius and CoreWeave, where capital backing and strategic partnerships helped deepen its position across the AI infrastructure supply chain. The view suggests Marvell and MediaTek could emerge as key ASIC representatives, while Broadcom may face pressure on its relative advantage in the sector. The move is also seen as strengthening Nvidia’s position in AI inference and weakening the bearish case that hyperscalers’ in-house ASIC development will challenge Nvidia over the long term.