SoundHound AI, Arm shares rise as Nvidia discloses stake

Nano-X Imaging

15/02/2024 11:15

** Shares of SoundHound AI  SOUN.O  rally 73.8% to $3.9
premarket after AI chipmaker Nvidia  NVDA.O  discloses stake in
the company 
    ** As per a filing on Wednesday, Nvidia has a stake worth
around $3.7 mln in SoundHound, a company which offers voice AI
for businesses
    ** Other smaller AI stocks C3.ai  AI.N  up 1.8% and
BigBear.ai  BBAI.N  add 8.4% 
    ** Arm Holdings' ADRs  ARM.O   O9Ty.F  climb 3.8% after
Nvidia, the world's most valuable chipmaker, reveals stake worth
$147.3 mln
    ** Recursion Pharma  RXRX.O  jumps 18.5% as NVDA reveals
stake of around $76 mln in the drug developer, which
strengthened its AI focus last year by snapping up two companies
in the AI-driven drug discovery space
    ** Nvidia's other latest investment includes a stake worth
nearly $380,000 in Israel-based medical imaging tech provider
Nano-X Imaging  NNOX.O  and $3.04 mln stake in autonomous
driving technology co TuSimple Holdings  TSPH.PK  
    ** NNOX rose 36.6% before the bell

 (Reporting by Sruthi Shankar in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))