financetom
Technology
financetom
/
Technology
/
Nvidia cuts stake in Arm Holdings, invests in China's WeRide
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia cuts stake in Arm Holdings, invests in China's WeRide
Feb 14, 2025 5:05 AM

(Reuters) - Nvidia ( NVDA ) reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics ( SERV ) and SoundHound AI ( SOUN ) in the fourth quarter, a regulatory filing showed on Friday.

The Santa Clara, California-based company reported new holdings in the quarter ended December 31, including 1.7 million shares in China's self-driving startup WeRide Inc ( WRD ), sending its shares up by 96% in premarket trading.

Shares of Nebius Group ( NBIS ) rose 6% after Nvidia ( NVDA ) reported 1.2 million shares in AI cloud firm.

The artificial intelligence chip designer cut its stake in Arm by 43.8% to 1.1 million shares.

Nvidia ( NVDA ) also exited its holdings in Serve Robotics ( SERV ), known for its sidewalk delivery robots, sending shares down 31%.

It also dissolved its stake in Israel-based medtech company Nano-X Imaging Ltd ( NNOX ), sending its stock down by 4% in premarket trading.

Shares of voice assistant maker SoundHound AI ( SOUN ) fell 10%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved