Nvidia (NASDAQ:NVDA) shook up the market on Friday after revealing in its latest 13-F filing that it had sold off its stakes in SoundHound AI (NASDAQ:SOUN), Serve Robotics (NASDAQ:SERV), and Nano-X Imaging (NASDAQ:NNOX). The news sent shares of all three companies tumbling in premarket trading.
By 09:03:02 ET, Serve Robotics had plunged 36.31% to $14.60. A little later, at 09:03:14 ET, Nano-X was down 9.93%, trading at $6.80. SoundHound AI followed suit, dropping 24.84% to $11.46 by 09:03:25 ET.
At the same time, Nvidia has been reshuffling its portfolio. The chip giant cut its stake in Arm Holdings (NASDAQ:ARM) by 44%, leaving it with just over 1.1 million shares as of December 31, 2024. Arm shares saw a slight dip in premarket trading.
Nvidia has a history with SoundHound, first investing in the AI company back in 2017 as part of a $75 million funding round to help it expand internationally. It only disclosed its stakes in SoundHound and Nano-X in February 2024, along with other investments, including Arm.
While Nvidia has exited some positions, it's still holding onto Applied Digital (NASDAQ:APLD), Nebius (NASDAQ:NBIS), and Recursion Pharmaceuticals (NASDAQ:RXRX). More notably, the filing revealed a new bet on Chinese self-driving startup WeRide (NASDAQ:WRD), with Nvidia picking up 1.7 million shares.
The reaction was immediate, WeRide shares soared 95.24% in premarket trading, reaching $33.52 as of 09:02:23 ET.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。