Nvidia’s Major Moves in Q4
Nvidia (NASDAQ: NVDA) made significant strategic changes during the fourth quarter, according to its latest Form 13F filing with the SEC. The company sold all 1,101,249 shares of Arm Holdings (NASDAQ: ARM) and 7,716,050 shares of Applied Digital (NASDAQ: APLD). This comes as Arm’s shares have surged since its IPO, while Applied Digital’s stock has soared by 500% to 1,000% over the past 15 to 18 months.
In a contrasting strategy, Nvidia invested $5 billion in Intel (NASDAQ: INTC) in September 2023, acquiring 214,776,632 shares at a price of $23.28 per share. Since then, Intel’s stock value has doubled, potentially yielding Nvidia an unrealized gain. The collaboration aims to enhance AI data centers with Nvidia’s GPUs and Intel’s CPUs.
