These stocks in Nvidia’s portfolio took a hit in the second quarter

While most stocks in Nvidia’s (NVDA) portfolio fell in the second quarter, most of the company’s holdings are still up year to date.

According to Nvidia’s 13F filing this week, the chipmaker held shares in Arm (ARM), SoundHound AI (SOUN), NanoX Imaging (NNOX), Recursion Pharmaceuticals (RXRX), and Serve Robotics (SERV) as of the end of the second quarter.

Nvidia, like most companies with more than $100 million in assets under management, is required to file the stock ownership disclosure form quarterly with the Securities and Exchange Commission (SEC).

Every company except Arm lost in the second quarter

During the quarter, NVIDIA maintained its holdings in Arm, SoundHound AI, Nanox Imaging and Recursion Pharmaceuticals, and added shares in Serve Robotics, which began trading on the Nasdaq in April.

Among its holdings, Arm was the only one to rise in the second quarter, while all others fell: Arm shares rose about 30%, while Nanox Imaging and Recursion Pharmaceuticals fell nearly 25%, and SoundHound AI fell 32%. Serve Robotics shares were down about half their IPO price by the end of the period.

Nvidia’s Arm stake is the company’s most valuable equity investment, valued at more than $320 million as of the end of June.

Nevertheless, most countries will see an upward trend by 2024

But most of Nvidia’s stocks are still up this year, with some outpacing the S&P 500 Index, which has risen 16.5% in the period.

SoundHound AI’s shares have more than doubled so far in 2024, just like Nvidia’s, while Arm has surged 73% and Nano X Imaging was up 13% through Friday’s close.

Meanwhile, Saab Robotics has nearly tripled its market cap since its IPO price after the company recently announced a partnership with Shake Shack (SHAK) through Uber Technologies Inc.’s (UBER) Uber Eats, sending shares soaring.

The only stock to fall during that same period was Recursion Pharmaceuticals, which is down about 32% since the beginning of the year.