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Stock impact report

Nvidia Recently Bought 5 Artificial Intelligence (AI) Stocks. These 2 Stand Above the Rest. [Yahoo! Finance]

SoundHound AI, Inc. (SOUN) 
Company Research Source: Yahoo! Finance
The 826% surge in Nvidia's stock price over that period was driven by red-hot demand for its data center graphics chips (GPUs), which are designed for developing artificial intelligence (AI) models. In the recent first quarter of fiscal 2025 (ended April 28), they sent Nvidia's data center revenue higher by 427% year over year, to a record $22.6 billion. At the end of last year, Nvidia decided to spread some of its newly acquired wealth by investing in five other AI companies. The moves could indicate where CEO Jensen Huang thinks the next wave of value will be created in the AI space. The five stocks Nvidia bought at the end of 2023 According to a 13F filing with the Securities and Exchange commission on Feb. 14, Nvidia invested in the following five stocks in the fourth quarter of 2023: Arm Holdings (NASDAQ: ARM) , which designs processors for chip giants like Nvidia. SoundHound AI (NASDAQ: SOUN) , which develops virtual assistants based on its conversational AI technolog Show less Read more
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