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

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo

Nvidia reduced its stake in British chip firm Arm Holdings by about 44 percent and exited its holdings in Serve Robotics and SoundHound AI 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, sending its shares up by 96 percent in premarket trading.

Shares of Nebius rose 6 percent after Nvidia reported 1.2 million shares in AI cloud firm.

The artificial intelligence chip designer cut its stake in Arm by 43.8 percent to 1.1 million shares.

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