Shares of smaller artificial intelligence companies surged after Nvidia, the world’s largest AI chip manufacturer, revealed its stakes in these smaller companies, providing evidence of its unique growth strategy.
This demonstrates Nvidia’s increasing influence in the AI world, with its market value rapidly growing, making it the third-largest US company by market capitalization.
Nvidia’s largest investment, worth $147.3 million, was in Arm Holdings, the chip designer that Nvidia failed to acquire due to antitrust hurdles after the $80 billion deal collapsed two years ago.
Last year, Nvidia expressed interest in buying Arm shares during the British company’s debut on the Nasdaq stock exchange. Arm’s shares, which have soared over 90% in the last 30 days, rose by approximately 5.7% on Thursday.
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