By Tae Kim
Nvidia lowered its equity stake in Arm Holdings by 44% and sold its shares in SoundHound AI, according to a SEC filing on Friday.
Nvidia showed an 1.1 million share position in Arm for the end of the December quarter versus a 1.96 million share position at the end of the September quarter.
In early trading Friday, Arm shares fell by 4.4% to $157.57, while Nvidia stock rose by 1.1% to $136.71.
Roughly 45 days after every quarter end, large money managers are required to file 13F forms with the U.S. Securities and Exchange Commission, revealing their stockholdings.
Nvidia declined to comment on the 13F actions. Arm didn't immediately respond to a request for comment.
Arm makes money by licensing its chip designs to semiconductor companies and smartphone makers. Nvidia uses Arm-based technology for its server CPUs inside its cloud data center AI systems. Several years ago, Nvidia tried to acquire Arm but called off the deal in 2022 citing "regulatory challenges" in getting the merger approved.
Nvidia's December quarter 13F report also revealed the chip company sold all its shares in SoundHound AI and bought 1.7 million shares in China's self-driving start-up WeRide.
SoundHound AI stock fell 23%, while WeRide shares surged 86%. SoundHound AI didn't immediately respond to a request for comment.
Write to Tae Kim at tae.kim@barrons.com
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February 14, 2025 10:31 ET (15:31 GMT)
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