Posted 3/21/2024, 9:28:00 AM
Nvidia Bets Big on AI With New Investments in Arm, SoundHound, and More
- Nvidia recently disclosed purchases of 5 AI companies in Q4 2023 Arm Holdings, Nano-X Imaging, Recursion Pharmaceuticals, TuSimple Holdings, and SoundHound AI
- Nvidia previously tried to acquire Arm for $40B but the deal was blocked; it now owns a $254M stake
- Arm designs processors used in 50% of all chips globally; its technology will power a major new Nvidia AI supercomputer
- SoundHound provides conversational AI for hospitality and automotive companies; a new partnership with Nvidia could advance in-vehicle AI
- Both Arm and SoundHound are very expensive stocks currently, but have long-term potential if prices drop 30%+