Nvidia just updated its equity portfolio

Nvidia (NASDAQ: NVDA) has just revealed an update to its equity portfolio through a 13F-HR filing dated November 14, 2024. 

This latest 13F-HR report showcases Nvidia’s continued focus on advanced technology investments, with a strategic new addition to its portfolio: 7.7 million shares of Applied Digital Corp (NASDAQ: APLD), a high-performance computing and digital infrastructure company. 

Valued at approximately $63.66 million, this acquisition signals Nvidia’s intent to strengthen its exposure to digital infrastructure and AI-driven tech.

The filing also provides insight into Nvidia’s carefully curated holdings, all of which align with its vision of artificial intelligence, computational advancements, and digital infrastructure.

Alongside its recent acquisition of APLD, Nvidia maintains substantial stakes in notable companies like ARM Holdings (NASDAQ: ARM), where it holds 1.96 million shares valued at $280.4 million, and Recursion Pharmaceuticals (NASDAQ: RXRX), with 7.7 million shares worth approximately $50.8 million. 

APLD stock sees pre-market boost following Nvidia investment

Nvidia’s acquisition of Applied Digital shares has already impacted APLD’s stock, which saw a 1.75% gain in pre-market trading on November 15, reaching $6.98 (+$0.12). Applied Digital, which specializes in building and managing infrastructure for high-performance computing, aligns well with Nvidia’s growth strategy in AI and machine learning.

In addition to these high-profile holdings, Nvidia’s portfolio includes several other technology-focused companies that reinforce its vision for next-generation tech. 

The chipmaker holds shares in Nano-X Imaging Ltd. (NASDAQ: NNOX), Serve Robotics Inc. (NASDAQ: SVRB), and SoundHound AI Inc. (NASDAQ: SOUN) all of which are a leader in their respective fields, contribute to Nvidia’s broader objective of pioneering developments across artificial intelligence, robotics, and digital innovation.