Nvidia Bets on AI Future, Invests in Arm and Other Early Stage Companies
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Nvidia recently invested in 5 AI companies Arm Holdings, Nano-X Imaging, Recursion Pharmaceuticals, Soundhound AI, and TuSimple Holdings.
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Arm Holdings seen as having the most potential due to its leading position in smartphone CPUs and momentum in AI.
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Nvidia's stake in TuSimple is small and the company is delisting and going private.
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The other 3 companies are unprofitable but have long-term potential.
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Nvidia itself remains the best option for investors looking to benefit from growth in AI.