Nvidia (NVDA.US) discloses investment portfolio: holds over $60 million in Applied Digital (APLD.US) largest position remains Arm (ARM.US)

Zhitong Finance APP noticed that public documents showed that Nvidia (NVDA.US) held a total of about 7.72 million shares of Applied Digital (APLD.US), worth about $63.66 million, which accounted for about 3% of Applied Digital's shares. As of the writing, Applied Digital rose more than 3% before the market opened.

Applied Digital designs, develops and operates digital infrastructure solutions and cloud services, high-performance computing and artificial intelligence in North America. In the first fiscal quarter ended August 31, the company's revenue was $60.7 million (up 67% YoY), and its net loss was $4.2 million.

This September, the artificial intelligence cloud company raised $160 million in funding from a group of investors including Nvidia and related companies. The transaction brought new capital to Applied Digital and is expected to help fund its growth and support its planned debt financing transaction.

In the AI boom, Nvidia has been increasing its investment to support companies using its chips. The company also participated in a $100 million funding for Sakana AI, a Japanese artificial intelligence research company.

Besides, Nvidia also held shares of Recursion Pharmaceuticals (RXRX.US) (7.71 million shares), Arm Holdings (1.96 million shares), SoundHound (SOUN.US) (1.73 million shares), Nano-X Imaging (NNOX.US) (59,632 shares) and Serve Robotics (SERV.US) (3.73 million shares).

The documents also showed that its holding of Arm (ARM.US) remained its largest investment, with a total of $280.41 million. Nvidia tried to acquire Arm for $40 billion in 2020, but regulatory pressure forced it to give up the deal in 2022. Arm's stock price has risen about 98% so far this year.