Nvidia invested in the former Yandex and almost halved its share in Arm’s capital

It’s been more than three years since Nvidia’s $40 billion deal to buy Arm fell apart, but the former is still a shareholder in the latter. Last quarter, Nvidia reportedly reduced its holdings of Arm by 44%, and has found new investors, including Chinese startup WeRide.

Image source: NVIDIA

The latter develops control systems for autonomous transport, and has been cooperating with Nvidia for a long time. For some time now, it has owned 1,735,536 shares of WeRide. This news led to a 76% increase in the WeRide share price. Nvidia has been supporting this startup since its inception, providing it with its computing components and software for creating modern autopilot systems.

At the same time, the number of Arm shares owned by Nvidia decreased by 44% to 1,101,249 shares by the end of the fourth quarter, as follows from the report published last week. The value of Arm shares remaining in Nvidia’s ownership currently exceeds $174 million. Last year, we recall, Intel got rid of its Arm shares.

At the same time, it turned out that Nvidia owns 1.2 million shares of Nebius Group, which was built on the basis of foreign assets of Yandex N.V. This news caused the market value of Nebius shares to increase by 8%. Among the public companies whose shares Nvidia got rid of completely last quarter, the startup Serve Robotics, which creates robots for the delivery of goods, is mentioned, as well as the Israeli developer of medical technologies Nano-X Imaging. The shares of the corresponding issuers fell by 39 and 11%. Nvidia also said goodbye to SoundHound AI shares, the price of which fell by 25% as a result. The company is developing a voice AI assistant.