Nvidia's Big Shakeup: cuts stake in arm holdings, invests in china's WeRide

Nvidia cuts stake in Arm Holdings, invests in China's WeRide

Feb 14 (Reuters) - Nvidia (NVDA.O), opens new tab reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics (SERV.O), opens new tab and SoundHound AI (SOUN.O), opens new tab in the fourth quarter, a regulatory filing showed on Friday.
The Santa Clara, California-based company reported new holdings in the quarter ended December 31, including 1.7 million shares in China's self-driving startup WeRide Inc (WRD.O), opens new tab, sending its shares up by 96% in premarket trading.

Shares of Nebius Group (NBIS.O), opens new tab rose 6% after Nvidia reported 1.2 million shares in AI cloud firm.
The artificial intelligence chip designer cut its stake in Arm by 43.8% to 1.1 million shares.
Nvidia also exited its holdings in Serve Robotics (SERV.O), opens new tab, known for its sidewalk delivery robots, sending shares down 31%.
It also dissolved its stake in Israel-based medtech company Nano-X Imaging Ltd (NNOX.O), opens new tab, sending its stock down by 4% in premarket trading.

Shares of voice assistant maker SoundHound AI (SOUN.O), opens new tab fell 10%.