Key Points
Chip Giant Nvidia revealed in its filing that Chinese autonomous driving startup invested in stocks last quarter, with stocks rising sharply. According to a filing from the new 13F regulator, the Artificial Intelligence winner owned 1.7 million shares at the end of December for about $25 million worth of shares. Weride’s shares skyrocketed by more than 90% on Friday. Weride develops autonomous driving technology for Robotaxis, Minibuses and freight sanitary vehicles. The company was founded in Silicon Valley in 2017 and in the Cayman Islands before launching Robotaxi services in Guangzhou, China in 2019. The Chinese company made its debut at NASDAQ in October. Nvidia’s filing also revealed $33 million in initial stake in artificial intelligence infrastructure company Nebius Group. Over 7% jumped on Friday. In the meantime, Nvidia reduced its UK chip name arm holdings by 44% in the last quarter to stake worth $136 million. ARM was still Nvidia’s biggest equity holding at the end of 2024. The tech giant came out last quarter names, including Robotics, Soundhound AI and Nano-X Imaging Serve. Soundhound AI stock fell 24%, while Soundhound AI stock fell 24%.
