Leading chipmaker Nvidia (NASDAQ: NVDA) was one of 2024’s standout success stories — however, by the close of the year, the upward momentum thus far enjoyed by Nvidia stock seems to have petered out. On January 6, the stock had its worst trading day in 5 months — closing some 6.22% lower than it did a day earlier.
Since the start of 2025, the price of an NVDA share has only increased by 0.15% — at press time, Nvidia stock was trading at $134.50.
Although prices have moved away from the $130 support level, there’s no guarantee that they won’t dip below that level soon. Key company insiders keep selling the stock — and the Biden administration’s proposed chip export restrictions could severely curtail growth going forward.
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Despite these recent challenges, Wall Street remains quite bullish — with certain investment strategists such as Shay Boloor and the I/O Fund’s Beth Kinding predicting that the semiconductor company could eventually reach a market capitalization as high as $10 trillion.
One of Nvidia’s underrated strengths is versatility. On top of already being a cornerstone of the ongoing AI revolution, the business has made strategic investments in other companies in the space — cementing key partnerships and ensuring access to cutting-edge tech. Let’s take a closer look at the AI stocks that Nvidia has invested in thus far.
Nvidia’s largest AI investments seem to be panning out well
Per the company’s latest 13-F filing, made on November 14, 2024, Nvidia has invested hundreds of millions of dollars into AI companies.
Arm Holdings (NASDAQ: ARM) a microprocessor design company, was the largest holding at the time — with Nvidia’s 1,960,784 share stake being worth $280.4 million. Since November 14, the price of ARM stock has increased by 7.43% — accordingly, at press time, the stake was worth roughly $301 million, retaining its position as Nvidia’s top AI holding.
Applied Digital Corp (NASDAQ: APLD) and Recursion Pharmaceuticals (NASDAQ: RXRX) were the second and third largest holdings — with Nvidia’s stake in the companies being worth $63.6 million and $50.7 million, respectively, at the time. The first is a data center operator — while the second is a business utilizing AI for the purpose of drug discovery.
Since the time of the filing, the price of APLD stock has increased by 20.6%, bringing the value of Nvidia’s stake up to approximately $76 million. In contrast, Recursion Pharmaceuticals stock has seen prices dip by 5.57% — decreasing the value of Nvidia’s investment stake in the company to roughly $48 million.
The semiconductor company’s smaller investments have netted even more impressive gains
As impressive as those results (barring Recursion Pharmaceuticals) have been, Nvidia’s smaller investments have seen even greater returns. Before we proceed, readers should note that partnerships with Nvidia certainly played a large role in causing these upward price moves.
Serve Robotics (NASDAQ: SERV), originally spun out of Uber’s (NASDAQ: UBER) Postmates division, focuses on last-mile delivery through self-driving robots. Since Nvidia made its $29.6 million investment in the company public, SERV stock has rallied by 135.19%, bringing the value of Nvidia’s stake up to approximately $70 million.
SoundHound AI (NASDAQ: SOUN), which leverages AI to provide voice recognition and automated conversational solutions, recently attracted attention when it rolled out a smart ordering system in early December of 2024. Nvidia’s investment, worth roughly $8 million in November, is now worth approximately $16.4 million, as SOUN stock has seen prices increase by 104.52% in that timeframe.
Finally, Nano-X Imaging (NASDAQ: NNOX), which incorporates artificial intelligence into its medical imaging platform in a bid to enhance diagnostic accuracy, is Nvidia’s smallest holding. The 59,632 NNOX shares held by the company were worth roughly $362,563 at the time of the 13-F filing. By press time, the price of NNOX stock had increased by 39.47%, and the stake is now worth roughly $505,667.
Lastly, readers should note that Finbold used the date of Nvidia’s latest 13-F filing as a reference point — the company bought shares in the business discussed in this article earlier — since the exact timing cannot be ascertained, the exact prices could be more or less favorable than presented here.
Featured image via Shutterstock
