Nvidia holdings disclosure pumps up shares of small AI companies

Nvidia’s recent disclosure of its stakes in several public companies has led to a surge in their shares. The companies include Arm, SoundHound AI, Recursion Pharmaceuticals, Nano-X Imaging, and TuSimple. Despite the investments being known prior to the disclosure, the AI market’s current exuberance phase has investors jumping on any opportunity. Nvidia’s shares have risen over 200% in the past year due to high demand for its AI chips. The disclosure also revealed Nvidia’s stakes in SoundHound and Nano-X, leading to a 68% and 59% increase in their shares respectively.

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