From Investor's Business Daily, 8:00 pm ET, February 14:
Nvidia (NVDA) disclosed investments late Wednesday, including stakes in Arm Holdings (ARM), SoundHound AI (SOUN) and Nano-X Imaging (NNOX).
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.....
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