Nvidia's Strategic Move: APLD Joins NVDA's Equity Portfolio
Nvidia Enhances Its Equity Portfolio
Nvidia (NASDAQ: NVDA) has made a significant update to its equity portfolio through a 13F-HR filing dated November 14, 2024.
This acquisition of 7.7 million shares of Applied Digital Corp (NASDAQ: APLD), valued at approximately $63.66 million, demonstrates Nvidia's drive towards strengthening its presence in high-performance computing and AI.
Impact of APLD Investment
The investment in APLD has already shown positive effects, with APLD stock enjoying a 1.75% uptick in pre-market trading, reaching $6.98 (+$0.12). This indicates market confidence in Nvidia's strategic direction towards digital infrastructure.
- Nvidia also holds stakes in notable companies such as:
- ARM Holdings (1.96 million shares valued at $280.4 million)
- Recursion Pharmaceuticals (7.7 million shares worth approximately $50.8 million)
Nvidia's Broader Vision
Nvidia’s portfolio is not limited to Applied Digital; it also includes investments in leading technology companies like Nano-X Imaging Ltd. (NASDAQ: NNOX), Serve Robotics Inc. (NASDAQ: SVRB), and SoundHound AI Inc. (NASDAQ: SOUN). This diversified approach aligns with Nvidia's vision to pioneer advancements in artificial intelligence and digital innovation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.