The global chipmaker Nvidia, seems to be in news again. The company has now disclosed investments in Arm Holdings, the chip designer, Recursion Pharmaceuticals, the biotechnology company, and SoundHound, the company that makes AI software for audio recognition.
This information was included in the 13F form it filed with the US Securities and Exchange Commission. These investments give a glimpse of what Nvidia envisions as its path towards the future.
Nvidia’s stake in Recursion is at $76 million, in SoundHound is at $3.67, and in Arm is at a whopping $147.3 million. This isn’t the first attempt by the chipmaker to partner with Arm. Nvidia also had disclosed smaller holdings in self-driving company TuSimple Holdings, and Nano-X Imaging.
Nvidia had attempted to acquire Arm in 2020 for $40 billion, but the deal collapsed due to regulatory issues, in 2022. The failed attempt was in fact Arm’s biggest intial public offering in 2023, and was Softbank Group Corp’s biggest gain.
Arm continues to be majority-owned by Softbank, which had acquired the chip designer in 2016 for $32 billion. This year, Softbank has seen a significant bump thanks to Arm, the stock today is up by more than two-thirds, making its market value $130 billion.
Nvidia’s stake in SoundHound benefitted the latter, as its shares peaked to over 55 per cent in late trading of Wednesday. Nvidia had made an investment in SoundHound in 2017.
