On Wednesday, Nvidia revealed its investments in SoftBank's chip design company Arm, as well as artificial intelligence software developer SoundHound AI and biotech company Recursion Pharmaceuticals.
Nvidia disclosed this information in Form 13F submitted to the US Securities and Exchange Commission (SEC), giving people a glimpse into the investment strategy of the closely watched company. Nvidia tried to buy Arm for $40 billion in 2020, but eventually dropped the deal in February 2022 due to regulatory pressure.
Meanwhile, investment in SoundHound was seen by the company's investors as a bullish sign. After the news was revealed, SoundHound's stock price surged 55% at the end of Wednesday. SoundHound develops artificial intelligence software for audio recognition.
In dollar terms, Nvidia made the largest investment in Arm, amounting to US$147.3 million. Its shares in Recursion are worth approximately $76 million, and SoundHound's shares are worth $3.67 million. Nvidia also disclosed smaller holdings in medical imaging developer Nano-X Imaging Ltd., and autonomous driving company Tucson Future.