Nvidia Bets $230 Million on 5 AI Startups for Chip Designs, Voice, Trucks, and Medical Breakthroughs
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Nvidia has invested in 5 AI companies according to its first SEC 13F filing, totaling $230 million. The companies are Arm Holdings, Recursion Pharmaceuticals, SoundHound AI, TuSimple, and Nano-X Imaging.
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Arm Holdings licenses AI chip designs, Recursion uses AI for drug discovery, SoundHound offers an AI voice assistant, TuSimple develops autonomous trucking, and Nano-X applies AI to digital X-rays.
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Recursion and Nano-X are using AI to process enormous medical datasets to hopefully unlock breakthroughs. However, both are high-risk, high-reward stocks.
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Nvidia's investments don't guarantee the success of these companies, but if their AI initiatives pay off, there could be big upside. Investors still need to weigh the risks.
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The author believes the AI trend is overhyped in general, but is intrigued by its medical applications, even as a non-expert. Nvidia's stock buys signal its own interest there.