Is NVIDIA Having A Dylan Mulvaney Moment?

In 2023, Bud Light’s partnership with transgender influencer Dylan Mulvaney became one of the most costly marketing blunders in recent history. Within weeks, sales plummeted, billions in market value evaporated, and conservative Americans sent a clear message: they are tired of companies using their platforms to push a political agenda.

Now, NVIDIA, one of Wall Street’s most celebrated companies, may be stepping into similar territory.

Recently, it came to light that the company was celebrating its funding of gender-transition surgeries. On its employee benefits page, NVIDIA states: “Gender affirmation is a positive life event and something we celebrate at NVIDIA. We provide a variety of resources and benefits to help you or your family member transition.”

This is not a neutral stance. It is the explicit and proud use of shareholder dollars to advance an ideology that directly conflicts with the faith, values and convictions of millions of employees, customers and investors. It is the promotion and funding of an act aimed at destroying God’s design for mankind and the mutilation of one’s body. Gender transition medical procedures and treatments, often conducted on minors, have proven to lead to increased anxiety, depression and suicidal ideation.

From a purely financial perspective, this is not a wise business move. Companies that wade into the culture wars often pay a steep price. According to a 2024 Edelman Trust Barometer survey, 60% of consumers say they will avoid a brand that takes a political stand they disagree with. When you alienate a large portion of your base, you risk more than bad press — you risk long-term market trust and shareholder value.

For years, corporations heard almost exclusively from the left. A 2022 Gallup poll showed that 75% of Democrats wanted companies to speak out on current events compared to just 17% of Republicans. That imbalance created a perception that “everyone” wanted corporate activism, leading companies to funnel money into progressive causes. But the Bud Light debacle proved otherwise: when the silent majority pushes back, it can reshape markets overnight.

That’s where Biblically Responsible Investing (BRI) comes in. BRI is an approach that ensures investors aren’t unknowingly funding agendas that undermine their values. It recognizes that stewardship isn’t just about what we give to church or charity, but also about how we handle every dollar entrusted to us — including investments.

As the saying goes, “follow the money.” That applies as much to culture as it does to business. If Christians and conservatives want to see a change in the cultural tide, we must align our dollars with our values. When you invest passively through mutual funds, ETFs or retirement accounts, there’s a high chance your money is supporting companies pushing abortion, pornography, the LGBTQ agenda, anti-religious legislation and more. But when investors redirect those dollars toward companies that create genuine value without undermining biblical truth, the positive impact multiplies as well.

And here’s something most people don’t realize: For many, their investment portfolio amounts to far more than their charitable giving. In essence, they may be unintentionally funding more causes they disagree with than those they actively support. While we should trust corporate America for financial innovation and growth, we should never trust it to set the moral compass of our nation. In fact, it should be the opposite. As Christians, we are called to influence corporate America — not the other way around.

NVIDIA’s decision will not be the last example of corporate activism, but it can be a turning point. Just as Americans sent Bud Light a wake-up call, investors can send a message to NVIDIA and other companies that it is not their job to fund social engineering. As Christians, if we want to see change, we must get off the sidelines and refuse to be silent partners in progressive agendas.

Let’s be clear: BRI is not about posturing. It’s about stewardship. It’s about ensuring that our investments, like our time and talents, are used to fund light, not darkness. And as more believers embrace this conviction, the louder the message will become: Christians are no longer going to let corporations set the course for morality in America, or even worse, partner with them through our stock ownership.

Investing is never just financial. It’s moral, cultural, and ultimately eternal. The question is not just, “What are my returns?” but “What am I endorsing and participating in with my investment dollars?”

That’s why Financial Issues Stewardship Ministries is calling on NVIDIA to reverse course. To stop using shareholder resources to subsidize harmful and divisive procedures. To stay focused on innovation and serving customers, not pushing social agendas.

Financial Issues Stewardship Ministries (FISM) host Mark Minnella brings 35 years of experience helping individuals invest with biblical integrity. He was the founder and president of one of the first investment advisories dedicated to biblically responsible investing principles. A co-founder of the National Association of Christian Financial Consultants and creator of the CFCA designation, Mark has been a voice for biblical stewardship through radio, writing and speaking for over 30 years. He hosted “More Than Money” on Bott Radio Network for 17 years and is the author of “The Wall Street Awakening.” Mark and his wife, Cindy, live in St. Louis, MO, and have three grown children.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.