Nvidia lowers its stake in Arm Holdings and discloses its position in China’s WeRide
In the fourth quarter, Nvidia reduced its interest in British chipmaker Arm Holdings by around 44% and withdrew positions in Serve Robotics and SoundHound AI, according to a regulatory filing released on Friday.
The artificial intelligence chip firm also disclosed a 1.7 million-share stake in Chinese autonomous driving startup WeRide Inc, pushing its stock up 76%.
WeRide, which employs Nvidia’s powerful graphics processors and artificial intelligence software to power its vehicles, had a market worth of $4.71 billion at the last close. Nvidia was an early investor in WeRide.
Investors pay particular attention to Nvidia’s holdings declarations because they can influence the share prices of firms in which it invests or divests, as well as provide insight into the dominant artificial intelligence chip designer’s expansion strategy.
