Nvidia Bets Big on AI Future with $230M Stock Portfolio Across Emerging Companies
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Nvidia stock has surged over the past 5 years fueled by AI, with revenue expected to hit $20B in 2024.
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Nvidia revealed a $230M stock portfolio of 5 AI companies in its first SEC filing, including a $147M stake in Arm Holdings.
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The other AI stocks are Recursion Pharmaceuticals, SoundHound AI, TuSimple, and Nano-X Imaging.
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Recursion and Nano-X aim to use AI to process huge medical datasets and unlock healthcare breakthroughs.
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Both are high-risk, high-reward stocks with little revenue and big losses currently.