Key takeout
Weride (WRD) shares rose Friday along with other tech stocks after Nvidia (NVDA) disclosed shares in China’s autonomous driving company.
Weride’s shares almost doubled during Friday’s session, up over $80 after filings were shown to have 1.74 million shares as of December 31st. Weride, which operates unmanned vehicles in 30 cities in nine countries, made its debut on the Nasdaq in October.
The filing shows that Nvidia has added stock to the AI infrastructure company Nebius Group (NBIS). Nebius’s shares rose nearly 7%. Nvidia rose almost 3%.
Shares of AI Voice Technology Company’s Soundhound AI (Soun), Delivery Robot Developer Serv Robotics (SERV), and medical technology company Nano-X Imaging (NNOX) have shown that NVIDIA has sold their holdings. I fell over. Soundhound shares fell almost 30%, offering 40% Robotics shares, while Nano-X fell 11%.
Nvidia has also reduced its interest in Chip Designer Arm Holdings (ARM) from 1.96 million to approximately 1.1 million shares. The stock fell by more than 3% on Friday, down 5%.