Nvidia Discloses Stake In Applied Digital, Keeps Arm, SoundHound Stakes

Artificial intelligence kingpin Nvidia (NVDA) has disclosed a new investment in Applied Digital (APLD), a digital infrastructure solutions provider. Nvidia stock dipped in early trades Friday while APLD stock rose.

Nvidia revealed its investments in a Form 13F filing late Thursday with the U.S. Securities and Exchange Commission.

As of Sept. 30, Nvidia owned 7.72 million shares, worth around $63.66 million, in Applied Digital. That equates to a roughly 3% stake in the Dallas-based company.

Applied Digital designs, builds and operates next-generation data centers and cloud infrastructure for high-performance computing and artificial intelligence industries.

In premarket trading on the stock market today, Nvidia stock slid more than 1% to 145.28. Meanwhile, APLD stock advanced more than 1% to 6.96.

Meanwhile, Nvidia maintained its investment stakes in Arm Holdings (ARM) (1.96 million shares), Nano-X Imaging (NNOX) (59,632 shares), Recursion Pharmaceuticals (RXRX) (7.71 million shares), Serve Robotics (SERV) (3.73 million shares) and SoundHound AI (SOUN) (1.73 million shares).

Nvidia’s stake in APLD stock is its second biggest holding after chip designer Arm. Nvidia’s Arm investment was worth $280.4 million as of Sept. 30.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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