Nvidia's 13F quarterly report for Q3 2024 revealed a doubling of investments from $230 million to $433 million, with key interest in companies like Applied Digital.
Nvidia's Investment Growth
Compared to the previous quarter, Nvidia increased its investments nearly doubling to $433 million. These funds were allocated across six companies, including Arm Holdings ($280.41 million) and Applied Digital Corp. ($63.65 million).
Performance of Existing Holdings
Despite growth in certain sectors, companies like Recursion Pharmaceuticals and Nano-X Imaging have shown minimal or negative market movement. Arm Holdings' stock, on the other hand, significantly increased, reaching $129 per share.
Nvidia's Interest in Applied Digital
Nvidia focused on Applied Digital, which holds the 'Elite Partner' status in Nvidia's Partner Network. The company is actively developing infrastructure for AI/ML training, yet hasn't reached profitability since its IPO.
By increasing its holdings, Nvidia continues to strengthen its positions in strategically important companies, including those related to high-performance computing and AI development, highlighting the significance of adapting to new tech trends.
