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Key Takeaways
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Nvidia held stakes in Arm, SoundHound AI, Nano X Imaging, Recursion Prescription drugs, and Serve Robotics on the finish of the second quarter, Nvidia’s 13F submitting this week confirmed.
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A lot of the shares in Nvidia’s portfolio misplaced floor in the course of the second quarter, although a majority have nonetheless gained because the begin of the yr.
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Arm, SoundHoundAI, and Serve have climbed at a sooner tempo than the S&P 500 thus far this yr, whereas Nano X Imaging lagged with a 13% achieve, and Recursion Prescription drugs dropped practically 32%.
Most shares in Nvidia’s (NVDA) portfolio misplaced floor within the second quarter, although a majority of the corporate’s holdings have nonetheless gained because the begin of the yr.
The chipmaker held shares of Arm (ARM), SoundHound AI (SOUN), Nano X Imaging (NNOX), Recursion Prescription drugs (RXRX), and Serve Robotics (SERV) as of the tip of the second quarter, Nvidia’s 13F submitting this week confirmed.
Nvidia, together with most companies with belongings beneath administration of $100 million or extra, is required to file this type quarterly with the Securities and Alternate Fee (SEC), disclosing fairness holdings.
All However Arm Misplaced Floor in Q2
Throughout the quarter, Nvidia maintained the variety of shares it held of Arm, SoundHound AI, Nanox Imaging, and Recursion Prescription drugs, and added a stake in Serve Robotics, which started buying and selling on the Nasdaq in April.
Arm was the one inventory amongst these holdings that gained in the course of the second quarter, whereas all the different holdings fell. Shares of Arm climbed about 30%, whereas Nanox Imaging and Recursion Prescription drugs misplaced near 25%, and SoundHound AI fell 32%. Serve Robotics shares misplaced about half their worth from their preliminary public providing (IPO) value by means of the tip of the interval.
Nvidia’s Arm stake is its most respected inventory funding, value over $320 million on the finish of June.
Nonetheless, Most Are Greater for 2024
Nonetheless, nearly all of shares held by Nvidia have nonetheless recorded year-to-date positive aspects, with some rising at a sooner tempo than the S&P 500 index, which rose 16.5% over the interval.
SoundHound AI shares have greater than doubled in 2024 thus far, very similar to Nvidia, whereas Arm surged 73%, and Nano X Imaging climbed 13% by means of Friday’s shut.
In the meantime, Serve Robotics has practically tripled in worth from its IPO value. The corporate not too long ago introduced a partnership with Shake Shack (SHAK) by means of Uber Applied sciences’ (UBER) Uber Eats, sending shares larger.
Recursion Prescription drugs was the one holding that misplaced floor over the identical interval, dropping practically 32% from the beginning of the yr.
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