NVIDIA Discloses Investment in Arm, Reaching Up to $147.3 Million
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NVIDIA Corporation disclosed its investments in Arm, a chip design company under SoftBank, as well as in AI software developer SoundHound AI and biotechnology company Recursion Pharmaceuticals in its Form 13F submitted to the U.S. Securities and Exchange Commission (SEC). The investment in Arm is the largest, amounting to $147.3 million, with holdings in Recursion valued at approximately $76 million and in SoundHound at $3.67 million. SoundHound's stock surged by 55% in late trading on Wednesday. NVIDIA also revealed smaller stakes in medical imaging developer Nano-X imaging Ltd. and autonomous driving company TuSimple.