The AI chip giant, in its first-ever 13F filing with the SEC, also announced small stakes in Recursion Pharmaceuticals (RXRX) and self-driving company…
Nvidia Stock Target: The rally showed Nvidia s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable U.S. company. Its largest investment of $147.3 million was in Arm Holdings, the chip designer that Nvidia failed to buy after the $80 billion deal hit the antitrust hurdle two years ago.
Shares of biotech firm Recursion Pharmaceuticals, in which Nvidia invested nearly $76 million, gained 5%. Last year, Nvidia had said it would invest in it to speed up training of the Utah-based firm s AI models for drug discovery.
AI firms surge after chip giant Nvidia discloses stake cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.