Investing.com -- Shares of Nebius Group (NASDAQ: NBIS) rose 7% today following Nvidia (NASDAQ:NVDA)'s latest 13F filing, which revealed a new position in the company. Conversely, SoundHound AI (NASDAQ: NASDAQ:SOUN), Serve Robotics (NASDAQ: SERV), and Nano-X (NASDAQ: NNOX) witnessed declines of 10%, 28%, and 3%, respectively, after the filing indicated Nvidia no longer held stakes in these companies.
The 13F filing, which provides a quarterly update on the investment holdings of institutional investors, showed that Nvidia had divested its positions in SoundHound AI, Serve Robotics, and Nanox. This move by Nvidia, a significant player in the tech industry, has seemingly influenced investor sentiment, leading to the sell-off in the shares of the companies it has exited.
On the flip side, Nebius Group's stock experienced an uptick after the filing disclosed Nvidia's new investment in the company. Investors often view such stakes by prominent institutional investors as a sign of confidence in the company's future prospects, which can lead to increased demand for the stock.
WeRide Inc (NASDAQ: WRD) also saw an extraordinary surge, with shares soaring 110% after being listed as another new position for Nvidia. This substantial gain reflects investor optimism following the endorsement from a major tech fund.
The changes in Nvidia's portfolio provide a glimpse into the company's strategic shifts and are closely watched by market participants. The addition of Nebius Group and WeRide to its holdings suggests a realignment of Nvidia's investment focus, which may be interpreted as a positive signal for these companies' technologies and market positions.
While the 13F filing is only a snapshot of Nvidia's holdings at the end of the quarter, it can have immediate effects on the market as seen today. The absence of an analyst quote in this scenario means the market reactions are primarily driven by the disclosed changes in Nvidia's investment positions rather than specific commentary from Wall Street analysts.
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