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Nvidia (NASDAQ:NVDA), the AI chip-making powerhouse, has disclosed investments in U.K. chip designer Arm Holdings (ARM), voice AI recognition firm SoundHound AI (SOUN), and Chinese self-driving truckmaker TuSimple (TSPH).
The chip giant also disclosed stakes in biotech company Recursion Pharmaceuticals (RXRX) and medical imaging developer Nano-X Imaging (NNOX) as of the end of 2023, its 13F filing showed.
The Arm (ARM) stake was the biggest, totaling $147.3M. Recall that Nvidia (NVDA) had tried to buy Arm for $40B back in 2020, but regulatory pressure forced it to scrap the deal in 2022.
Arm’s (ARM) stock has more than doubled in value since its market debut last September, which was 2023’s biggest IPO.
Nvidia’s (NVDA) disclosure of a $3.7M stake in SoundHound (SOUN) and SoftBank’s (OTCPK:SFTBY) new stake in the firm sent its shares surging 45.9% after the bell on Wednesday.
Nvidia’s (NVDA) holdings in Recursion (RXRX) amounted to around $76M, while it disclosed smaller stakes in TuSimple (TSPH) at a little over $3M and Nano-X (NNOX) at $379.9K. NNOX shares soared 82.1% after hours.
Note that TuSimple (TSPH) is in the process of winding down its U.S. operations and recently delisted its stock from Nasdaq.
Stock moves over the past year: Recursion (RXRX) +31.1%, Nano-X (NNOX) -19.3%, SoundHound (SOUN) -40.2%, TuSimple (TSPH) -84.2%.
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