Nvidia Owns a 3.4% Stake in This Innovative Artificial Intelligence (AI) Stock Cathie Wood Loves
Nvidia (NASDAQ: NVDA) isn't just a leader in developing the key hardware fueling the artificial intelligence (AI) boom. It's a big investor in other AI companies, often including an equity investment in its business relationships. In December, its portfolio of AI stocks surpassed the $100 million threshold, requiring it to file form 13-F with the SEC disclosing all of its holdings.
Nvidia's portfolio isn't very broad, containing just five stocks, and 97% of the portfolio is concentrated in just two holdings.
The biggest piece of Nvidia's portfolio is ARM Holdings, the chip architecture company the AI giant tried to purchase for $40 billion in 2020. It ended up grabbing a stake worth $190 million at its current price, representing just a small slice of the $100 billion company.
Source Fool.com
