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 morning trades.
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).
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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 morning trades on the stock market today, Nvidia stock rose 1.6% to 137.47.
WeRide, Nebius Shares Surge
Shares of China-based WeRide rocketed 83% to 31.25 in morning 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 12% to 46.84 in morning 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 12% to 6.62. Nanox is developing medical imaging technologies based on advanced AI.
Serve Robotics stock tumbled more than 37% to 14.29 in morning trades. Serve makes autonomous sidewalk delivery robots.
SoundHound stock plunged more than 23% to 11.67. SoundHound provides voice-based conversational AI technology for automakers and for fast-food restaurant drive-thrus.
Arm Holdings stock sank more than 4% to 157.59. Arm is the leading supplier of semiconductor designs and intellectual property.
Further, Arm, Nebius and Nvidia stock are on the IBD Tech Leaders list.
View More Nvidia Stock News And Analysis
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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