SITUATION EXPLAINED: Nvidia now owns a piece of almost every company that buys its chips. • $2.2 billion two years ago, $7 billion a year ago, $99 billion as of July 26. More than $40 billion committed in 2026 alone • Nearly $50 billion of that went to frontier AI labs, per CFO Colette Kress • Its $5 billion investment in Intel is now worth $30 billion, and its SpaceX position is worth $21 billion • At least $6.5 billion has gone into photonics and optics since March, with $2 billion each into…