Nvidia sells SoundHound, cuts stake in Arm and buys two new shares

In its latest filing with the US Securities and Exchange Commission (SEC), Nvidia, a leading manufacturer of artificial intelligence chips, announced that it made significant changes to its investment portfolio in the fourth quarter of 2024.

The firm sold its stakes in three technology companies, reduced its stake in Arm Holdings and instead invested in two new companies with growth potential in the AI space. The move suggests that Nvidia is looking to redirect its investments into areas with higher growth potential and strengthen its position in the AI market.

Nvidia has decided to completely divest its stakes in three companies. The first is Nano-X Imaging $NNOX, a company focused on innovative medical imaging technologies. It aims to bring revolutionary advances in X-ray imaging using advanced artificial intelligence that could streamline diagnosis and reduce healthcare costs.

Another company that Nvidia sold is Serve Robotics $SERV, a maker of autonomous delivery robots designed to…