Nvidia Alters Stock Portfolio, Crashing Serve Robotics and Boosting WeRide
On Friday, Nvidia (NVDA) revealed its latest equity holdings, causing significant volatility in the stock prices of several companies that saw their shares bought or sold by the semiconductor giant.
The biggest beneficiary of Nvidia’s disclosure was WeRide (WRD), a Chinese autonomous driving company. After Nvidia revealed it had acquired around 1.8 million shares of the company, valued at about $57 million at Friday’s market prices, WeRide’s stock surged by 83.5% on the day, nearly doubling in value.
Similarly, Nebius Group (NBIS), an AI company based in the Netherlands that spun off from Russian search giant Yandex last year, saw its stock rise by as much as 14%. Nvidia disclosed a new position of 1.2 million shares in Nebius, worth approximately $56 million at Friday’s market prices. The stock eventually closed up 6.7% for the day.
However, Nvidia declined to comment on the changes to its equity portfolio, leaving investors speculating about the strategic reasons behind the moves.
On the downside, Serve Robotics (SERV), a robotics company, faced a sharp decline. Its stock plummeted 39.4% after Nvidia disclosed that it had completely exited its position in the company during the fourth quarter of the previous year.
Similarly, SoundHound (SOUN) saw a significant drop of 28.1% after Nvidia disclosed it had sold off the remainder of its holdings in the AI voice company.
In addition, Nvidia disclosed that it had sold about half of its stake in Arm Holdings (ARM), leaving the company with about 1.1 million shares of the chip designer, valued at approximately $175 million at current market prices. Arm’s stock dropped just over 3% on the news.
At the close of the year, the value of Nvidia’s portfolio stood at around $305 million, according to the filing. Investors with holdings exceeding $100 million are required to file a 13F with the SEC, which provides a snapshot of their portfolios roughly 45 days after the end of each quarter.
However, given the timing of the disclosure, Nvidia’s holdings may have shifted in the six weeks since the filing, with the possibility of new positions being initiated or others being increased, decreased, or closed since the beginning of the year.