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Nvidia cuts Arm stake, invests in WeRide, exits others

Nvidia has reduced its stake in the UK-based chip maker Arm Holdings by 43.8%, now holding 1.1 million shares, according to a regulatory filing released on Feb. 14.

The filing also confirmed Nvidia’s investment in the Chinese self-driving startup WeRide, where it acquired 1.7 million shares.

Following this announcement, shares of WeRide increased by 96% in premarket trading.

Nvidia also exited positions in several companies, including Serve Robotics, SoundHound AI, and Nano-X Imaging.

Following the exit, shares of Serve Robotics decreased by 31%. SoundHound AI and Nano-X Imaging shares fell by 10% and 4%, respectively.

Additionally, Nvidia disclosed holding 1.2 million shares in Nebius Group, an AI cloud firm, which experienced a 6% rise in its shares.

Recent Nvidia developments

Timeline
30-Jan-2025 📈 Nvidia supplier manufacturer boosts forecast, sees AI demand
  • Advantest raises full-year profit forecast by 40%
  • Strong demand for AI chips boosts chip-testing sales
28-Jan-2025 🤖 Nvidia acknowledges DeepSeek’s AI breakthrough
  • Nvidia praises DeepSeek’s R1 AI model
  • Stock drops 17% amid competition concerns
23-Jan-2025 📈 Nvidia leads market value, surpasses Apple
  • Nvidia surpasses Apple as most valuable company
  • Nvidia shares rise 2%, market cap at US$3.45T
21-Jan-2025 🎉 Nvidia CEO highlights company’s impact in China
  • Jensen Huang visits Beijing for New Year event.
  • Highlights Nvidia’s AI impact and 25 years in China.

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