Last quarter, Nvidia, a major player in the semiconductor industry, made headlines by acquiring a stake in China’s up-and-coming self-driving venture, WeRide. According to a recent 13F regulatory filing, Nvidia purchased 1.7 million shares of WeRide, translating into an investment valued at roughly $25 million as of the end of December. This announcement sent WeRide’s shares soaring by more than 135% on the day.
WeRide, which specializes in developing autonomous driving technology for applications including robotaxis, minibuses, and freight sanitation vehicles, was founded in Silicon Valley back in 2017. The company is incorporated in the Cayman Islands and launched its first robotaxi service in Guangzhou, China, by 2019. Just recently, WeRide made its U.S. market debut on the Nasdaq in October.
The filing didn’t stop there. Nvidia also revealed it had acquired a new $33 million stake in Nebius Group, a firm that focuses on AI infrastructure. Investors reacted positively, with Nebius Group’s stock climbing over 5% following the news.
In contrast, Nvidia trimmed its position in the British chip company, Arm Holdings, by 44% last quarter, though Arm remained its largest equity holding valued at $136 million at the close of 2024. Additionally, Nvidia divested from some other investments, including Serve Robotics, SoundHound AI, and Nano-X Imaging. The market response was swift, with Serve Robotics’ shares dropping 36% and SoundHound AI’s stock falling by 28% on Friday.
