Nvidia (NVDA) disclosed investments late Wednesday, including stakes in Arm Holdings (ARM), SoundHound AI (SOUN) and Nano-X Imaging (NNOX).
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The AI chip giant, in its first-ever 13F filing with the SEC, also announced small stakes in Recursion Pharmaceuticals (RXRX) and self-driving company TuSimple Holdings (TSPH) as of Dec. 31.
Nvidia stock was little changed in overnight trading. Arm stock rose modestly. SoundHound and Nano-X skyrocketed while Recursion Pharma and TuSimple soared.
Nvidia sought to buy Arm Holdings for $40 billion in 2020, but gave up in early 2022 amid regulatory objections. It owned $147 million worth of Arm stock at the end of last year. ARM has skyrocketed 68% in 2024 as of Feb. 14. Shares rose 2.8% Wednesday night.
Back in July, Nvidia disclosed a $50 million investment in Recursion. Its stake was worth $76 million as of Dec. 31. RXRX stock jumped 14% late.
Nvidia disclosed a $3.67 million stake in SoundHound, which makes AI software for vocal recognition. The chip giant had been a SoundHound investor back in 2017. Still, SOUN stock spiked 46% Wednesday night.
Nvidia owns a nano-sized investment in Nano-X Imaging. NNOX stock skyrocketed 81% late.
Finally, Nvidia owned a slim stake in TuSimple. In December, the Chinese firm said it would shut down its U.S. operations. Last month, it announced plans to delist from the Nasdaq. TSPH stock leapt 25%.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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