Nvidia Portfolio Changes Impact Stocks
Nvidia (NVDA) recently disclosed its updated equity portfolio, resulting in significant price swings for several companies.
Winners
WeRide (WRD)
* Nvidia acquired a stake of 1.8 million shares, boosting WRD's stock by nearly double.
* The stake is valued at approximately $57 million.
Nebius Group (NBIS)
* Nvidia purchased 1.2 million shares, worth $56 million.
* The acquisition led to a 14% surge in NBIS stock.
Losers
Serve Robotics (SERV)
* Nvidia sold its position in SERV, triggering a 40% decline in stock price.
SoundHound (SOUN)
* Nvidia sold its remaining stake in SOUN, resulting in a 23% drop in stock value.
Arm Holdings (ARM)
* Nvidia reduced its stake by half, leaving it with 1.1 million shares worth $175 million.
* ARM's stock price fell by approximately 4%.
Portfolio Value and Reporting
At the end of December 2023, Nvidia's portfolio held a total value of $305 million. Investors with holdings exceeding $100 million are required to file a 13F with the SEC within 45 days of the quarter end. Nvidia's holdings may have changed since the filing.