Artificial intelligence chipmaker Nvidia (NVDA) disclosed in a regulatory filing Friday that it sold off three tech stocks and added stakes in two others in the fourth quarter. Nvidia stock rose in early trading.
In its form 13F-HR with the U.S. Securities and Exchange Commission, Nvidia revealed that it had sold its stakes in Nano-X Imaging (NNOX), Serve Robotics (SERV) and SoundHound AI (SOUN). It also trimmed its position in Arm Holdings (ARM).
Nvidia said it added new stakes in Nebius Group (NBIS) and WeRide (WRD).
Meanwhile, it maintained its investments in Applied Digital (APLD) and Recursion Pharmaceuticals (RXRX).
In premarket trading on the stock market today, Nvidia stock rose 0.6% to 136.11.
Shares of China-based WeRide rocketed about 92% to 32.97 in early trades Friday.
WeRide, which went public on Nasdaq in October, is developing autonomous driving technology. WeRide wants to build a global robotaxi empire, the Wall Street Journal reported. The company already operates driverless vehicles in 30 cities across nine countries.
Nebius stock rose more than 9% to 45.61 in premarket trading. Nebius provides AI data center infrastructure. Its core business is an AI-centric cloud platform built for intensive AI workloads.
Elsewhere on Thursday, Nano-X Imaging, also known as Nanox, saw its stock slide more than 10% to 6.74.
Serve Robotics stock tumbled 37% to 14.50 in early trades.
SoundHound stock plunged about 25% to 11.50.
Arm Holdings stock sank more than 2% to 161.43.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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