Nvidia cuts stake in Arm Holdings, invests in China's WeRide

Nano-X Imaging

14/02/2025 12:44

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 Santa Clara, California-based company reported new
holdings in the quarter ended December 31, including 1.7 million
shares in China's self-driving startup WeRide Inc  WRD.O ,
sending its shares up by 96% in premarket trading.
    Shares of Nebius Group  NBIS.O  rose 6% after Nvidia
reported 1.2 million shares in AI cloud firm.
        The artificial intelligence chip designer cut its stake
in Arm by 43.8% to 1.1 million shares.
  
    Nvidia also exited its holdings in Serve Robotics  SERV.O ,
known for its sidewalk delivery robots, sending shares down 31%.
    It also dissolved its stake in Israel-based medtech company
Nano-X Imaging Ltd  NNOX.O , sending its stock down by 4% in
premarket trading. 
    Shares of voice assistant maker SoundHound AI  SOUN.O  fell
10%. 


    

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