Reported about 19 hours ago
Nvidia is leveraging its significant demand for GPUs by investing in smaller-cap AI companies. In its latest 13F filing, Nvidia maintained a $8 million investment in SoundHound AI, a voice technology firm, and established a larger $63 million position in Applied Digital, a data center builder. Both companies show strong growth potential, especially SoundHound with its expanding market presence and Applied Digital benefiting from rising GPU demand, indicating attractive prospects for future returns.
Source: YAHOO