While chipmaker Nvidia sees it share prices rising to novel highs this year, one of the four stocks he owns publicly is also feeling the rush.
Shares of SoundHound AI, an AI-powered voice and conversation platform, have seen prices rise almost at the chipmaker’s pace this year. Nvidia the company’s shares have increased by 135% since the beginning of the year Wednesday morning while SoundHound’s since the beginning of the year, the company’s shares have increased by 125%.. After the previous close of the stock exchange, the shares of both companies increased by 136% year on year.
In February, Nvidia disclosed its holdings in five publicly traded artificial intelligence companiesincluding SoundHound and the semiconductor company and software designer Arm it owned failed to obtain in February 2022. Other listed companies Nano-X Imaging, Recursion Pharmaceuticals and TuSimple were listed on the Securities and Exchange Commission’s Form 13F – their shares increased after the disclosure.
However, according to reports from Nvidia dumped his shares in TuSimple, an autonomous driving technology company. And apparently his shares in Nano-X through a contract rather than a direct purchase. Serve Robotics, manufacturer autonomous sidewalk delivery botswas not mentioned in Nvidia’s public holding filing, but Nvidia reportedly owns more than 14% of the company, which went public this year, Investor’s Business Daily reports.
After announcing record earnings for the first quarter of fiscal year 2025, Nvidia’s stock value crossed the $1,000 mark. The chipmaker again exceeded Wall Street expectations, reporting first-quarter revenue of $26 billion, up 262% from a year earlier.
Following the chipmaker’s March GPU technology conference – where the manufacturer made its announcement the long-awaited Blackwell chip and novel partnerships with computer software manufacturers, including Cadence Design Systems and Dell Technologies – shares of these companies I also felt the “Nvidia hit” one day later.
