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Investors on Wednesday got a peek into where fund managers have been betting lately, as they published mandatory quarterly reports on their holdings.
But Wednesday also introduced investments by several publicly traded companies, including chip giant Nvidia Inc. NVDA.
They joined money managers who filed 13-Fs after the closing bell.
That’s why Wall Street appears to be showing renewed interest in SoundHound AI Inc. SOUN stock.
Develops voice recognition and other related technologies. Nvidia disclosed that it owned about 1.7 million shares of the AI company’s stock at the end of December, valued at about $3.7 million at the time.
Soundhound stock soared nearly 40% in after-hours trading Wednesday. The company’s market value was $576 million as of Wednesday’s close.
See also: Do you order on the Chipotle app or at the Krispy Kreme drive-thru? You might be talking to an AI.
Nvidia’s 13-F also lists its investment in up-and-coming chip design company Arm Holdings PLC ARM.
Medical image development company Nano-X Imaging Ltd. NNOX,
Drug development company Recursion Pharmaceuticals Inc. RXRX,
Autonomous driving company TuSimple Holdings Inc. TSPH,
Nvidia’s position in Arm, which it previously attempted to acquire, was worth $147 million at the end of December. The holding in Nano-X was worth about $400,000, the holding in Recursion was worth about $76 million, and at the same time the position in TuSimple was worth about $3 million.
MarketWatch previously reported on Nvidia’s investment and partnership in Recursion.
Meanwhile, in December, TuSimple announced plans to scale back its U.S. operations. Last month, the company announced its intention to voluntarily delist its common stock from the Nasdaq.
For more information about the 13-F report, see:
• George Soros’ fund bets on U.S. leisure travel with new stakes in JetBlue, Spirit and Sun Country
• David Einhorn’s Greenlight Capital adds Kenview and ETF, exits Southwestern Energy
• Berkshire Hathaway increases stakes in SiriusXM and Chevron, exits homebuilder DR Horton
• Druckenmiller sells Alphabet, Amazon, Broadcom, but NVIDIA remains his largest holding
• Appaloosa acquires new stakes in Oracle and GM and raises stakes in Alibaba and Microsoft
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