Nvidia (NASDAQ: NVDA) is the main provider of graphics processing models (GPUs) for information facilities, that are used to develop superior synthetic intelligence (AI) fashions. The corporate constantly grew its quarterly income by triple-digit percentages over the previous 12 months, propelling its market capitalization to $3.2 trillion.
Now, it is spreading a few of its wealth by investing in smaller firms within the AI trade. It purchased shares in a handful of firms on the finish of 2023, together with prime performers Arm Holdings and SoundHound AI.
In accordance with a July 18 regulatory submitting, Nvidia additionally transformed a promissory word to accumulate 1 million shares of Serve Robotics (NASDAQ: SERV), which develops autonomous last-mile supply options. It invested a complete of $12 million into Serve since 2022, and at the moment owns 3.7 million shares, which represents round 8% of the corporate.
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