Nvidia cut its interest in British Chip Firm Arm Holdings by approximately 44% in the fourth quarter, ending its holdings of Serve Robots and Soundhound AI.
The artificial intelligence chip giant reported a position of 1.7 million shares in Chinese autonomous driving startup Weride Inc, bringing its shares up 88%.
Weride used Nvidia’s Advanced Graphics Processors and AI software to power the vehicle, with a market valuation of $47.1 billion at the previous deadline. Nvidia was an early investor in Weride.
Nvidia’s stock disclosures provide insight into the growth strategies of dominant artificial intelligence chip makers as they are closely monitored by investors as they may affect the stock price of the companies they invest in or sell. I will.
Shares in Nebius Group rose 5% after Nvidia reported 1.2 million shares of the AI cloud company in the quarter ended December 3rd.
Santa Clara, California-based Nvidia cut its Arm shares by 43.8% to 1.1 million shares, and valued the remaining shares at around $181 million as of Thursday’s closing.
ARM provides important intellectual property that companies like Apple and Nvidia license to create their own chips.
Last year, struggling chipmaker Intel sold the entire arm stock during restructuring.
Nvidia also dissolved its holdings of Serv Robotics, known for its sidewalk delivery robots and Israel-based Medtech Company Nano-X Imaging Ltd, falling 43% and 10% respectively.
Shares of voice assistant maker Soundhound AI fell 28%. Reuters
