Nvidia Bets Big on AI Startups, Sparking Rally in Related Stocks
• Nvidia disclosed major investments in several AI firms like Arm Holdings ($147M), Recursion Pharmaceuticals ($76M), SoundHound AI ($3.7M), and Nano-X Imaging • Smaller AI firms' shares rallied after Nvidia's stake disclosures, showing its influence in the AI sector • Nvidia's investments could help it make more specialized AI chips instead of just expensive general chips • Retail traders jumped into trading the stocks Nvidia invested in like SoundHound and Nano-X • Major funds like Rokos Capital and Bridgewater also invested in Nvidia recently based on its Dec 31st 13F filing