NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday (Feb 14).
The artificial intelligence chip giant also reported a position of 1.7 million shares in China’s self-driving startup WeRide, sending its shares up 88 per cent.
WeRide uses Nvidia’s advanced graphics processors and AI software to power its vehicles and had a market valuation of US$4.71 billion as of the last closing. Nvidia was an early investor in WeRide.
Nvidia’s stake disclosures are closely monitored by investors as they can influence the stock prices of companies it invests in or divests from, while providing insights into the growth strategy of the dominant artificial intelligence chipmaker.
Shares of Nebius Group rose 5 per cent after Nvidia reported 1.2 million shares in AI cloud firm in the quarter ended Dec 3.
Santa Clara, California-based Nvidia cut its stake in Arm by 43.8 per cent to 1.1 million shares, valuing its remaining stock at about US$181 million as of Thursday’s close.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Arm supplies the crucial intellectual property that firms such as Apple and Nvidia licence to create their own chips.
Last year, struggling chipmaker Intel sold off its entire stake in Arm during a restructuring.
Nvidia also dissolved its holdings in Serve Robotics, known for its sidewalk delivery robots, and Israel-based medtech company Nano-X Imaging, sending their shares down 43 per cent and 10 per cent respectively.
Voice assistant maker SoundHound AI’s shares fell 28 per cent. REUTERS
Share with us your feedback on BT’s products and services
