Nvidia cuts stake in Arm Holdings, discloses position in China's WeRide (updated)

Nano-X Imaging

14/02/2025 14:55

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       Feb 14 (Reuters) - Nvidia  NVDA.O  reduced its stake in
British chip firm Arm Holdings  ARM.O  by about 44% and exited
its holdings in Serve Robotics  SERV.O  and SoundHound AI
 SOUN.O  in the fourth quarter, a regulatory filing showed on
Friday.
    The artificial intelligence chip giant also reported a
position of 1.7 million shares in China's self-driving startup
WeRide Inc  WRD.O , sending its shares up 88%.
        WeRide uses Nvidia's advanced graphics processors and AI
software to power its vehicles and had a market valuation of
$4.71 billion as of the last closing. Nvidia was an early
investor in WeRide.
  
    Nvidia's stake disclosures are closely monitored by
investors as they can influence the stock prices of companies it
invests in or divests from, while providing insights into the
growth strategy of the dominant artificial intelligence
chipmaker.
        Shares of Nebius Group  NBIS.O  rose 5% after Nvidia
reported 1.2 million shares in AI cloud firm in the quarter
ended December 3.
  
    Santa Clara, California-based Nvidia cut its stake in Arm by
43.8% to 1.1 million shares, valuing its remaining stock at
about $181 million as of Thursday's close. 
    Arm supplies the crucial intellectual property that firms
such as Apple  AAPL.O  and Nvidia license to create their own
chips.
        Last year, struggling chipmaker Intel  INTC.O  sold off
its entire stake in Arm during a restructuring.
    Nvidia also dissolved its holdings in Serve Robotics
 SERV.O , known for its sidewalk delivery robots, and
Israel-based medtech company Nano-X Imaging Ltd  NNOX.O ,
sending their shares down 43% and 10% respectively.
    Voice assistant maker SoundHound AI's shares fell 28%. 

 (Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim
Zahid)
 ((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))