① Nvidia recently announced the company's first 13F position report. The market value of the position was US$230 million, and the target was only 5 stocks; ② Nvidia's biggest investment was to open a position with the British chip design company Arm Holdings. At a price of 75.15 US dollars per share at the end of the year, the market value was close to 150 million US dollars, accounting for 64% of Nvidia's total holdings.
Finance Association, Feb. 20 (Editor Zhao Hao) Last week, “AI shovel seller” Nvidia announced the company's first 13F position report.
According to information, the US Securities and Exchange Commission (SEC) stipulates that fund managers with assets of more than 100 million US dollars must publish a document called “Form 13F” within 45 days after the end of each quarter to disclose their positions in stocks and bonds.
According to Whalewisdom statistics, as of December 31, 2023, the market value of Nvidia's holdings was US$230 million, and the target was only 5 stocks. After the release of the after-market table on February 14, these stocks all recorded significant gains, indicating that Nvidia's influence in the field of artificial intelligence and financial markets continues to grow.
Don't change your obsession with Arm
Among them, Nvidia's biggest investment was to open a position in the British chip design company Arm Holdings (ARM), which is listed on the NASDAQ, holding 1.96 million shares. At a price of $75.15 per share at the end of the year, the market value was close to US$150 million, accounting for 64% of Nvidia's total holdings.
Recently, Arm clearly strengthened after announcing financial reports. The stock price increased 62% and 11% respectively in the first two weeks, and the market capitalization also surpassed 100 billion US dollars. At the time, Arm said the company was developing new markets due to strong demand for artificial intelligence, and its main smartphone business was recovering from the slump.
Currently, SoftBank still holds about 90% of Arm's issued shares. It is worth mentioning that before that, Nvidia tried to buy Arm from SoftBank for $40 billion, but the deal was opposed by US and UK regulators. The takeover failed in February 2022, and SoftBank then promoted the listing of Arm.
Even though Nvidia didn't own Arm, the company's founder and CEO Wong In-hoon praised it. He once said, “Arm is an extraordinary company, and the world knows how much I love this company, this platform, this brand, and this world-class management team.”
Biomedical stocks are also involved
In addition to its heavy ARM holdings, nearly one-third of Nvidia's holdings (nearly $76 million) are American biotech company Recursion Pharmaceuticals. According to information, Recursion was founded in 2013, and its main business is to produce better medicines by “decoding” biology and chemistry. Industrialize drug discovery processes through reproducible and scalable trials.
As early as July of last year, Recursion announced a partnership with Nvidia and received an investment of 50 million dollars from Nvidia. The company plans to accelerate the development of its AI basic models in biology and chemistry, work with Nvidia to optimize the models, and distribute them to biotech companies through Nvidia cloud services.
At the time, Hwang In-hoon said in an announcement that generative AI is a revolutionary tool in developing new drugs and treatments. Last Thursday and Friday, two trading days after Nvidia released its 13F report, Recursion shares rose 13.8 and 5.7%, respectively.
In addition, Nvidia has also established positions in SoundHound AI Inc., TuSimple Holdings Inc (Tucson Future), and Nano-X Imaging Ltd., accounting for 1.59%, 1.32%, and 0.16% of Nvidia's market value, respectively. Among them, Nvidia was already among the future investors of SoundHound and Tucson as early as 2017.
Soundhound, founded in 2005, is an established AI company in the US. It was founded by a group of Stanford graduates and focuses on the direction of voice AI. After Nvidia's holdings were revealed, SoundHound surged 66% last Thursday, and its stock price returned to its highest level since July last year.
Tucson Future is mainly engaged in businesses such as advanced autonomous driving (L4) truck freight services and supplying full-stack solutions for autonomous driving to car manufacturers. Last month, Tucson Future announced the delisting of the company's common stock from NASDAQ. On Thursday and Friday, stock prices traded on the Pink Single Market jumped 37% and 20%, respectively, on the two days.
Although accounting for less than 0.2% of Nvidia's holdings, medical imaging technology company Nano-X Imaging is still sought after by the market, with shares rising 49% and 36% respectively in the past two trading days.