Stock Frenzy: WeRide’s 83.5% Rally Proves Nvidia’s Power Over AI Stocks!
The stock prices of numerous firms whose shares were purchased or sold by the semiconductor giant experienced significant volatility after Nvidia (NVDA) disclosed its most recent equity holdings on Friday. Nvidia’s revelation mostly benefited WeRide (WRD), a Chinese autonomous driving startup. Following Nvidia’s announcement that it had purchased around 1.8 million shares of the company, which would have been worth roughly $57 million at Friday’s market pricing, WeRide’s stock then doubled in value, rising 83.5% on the day.
In a similar vein, the stock of Nebius Group (NBIS), a Dutch AI startup that split out from Yandex, a massive Russian search engine, last year witnessed a 14% increase. Conversely, the robotics company Serve Robotics (SERV) had a precipitous drop. Following Nvidia‘s announcement in the fourth quarter of last year that it had fully sold its stake in the company, its stock fell 39.4%.
Nvidia’s 13F Filing Sparks Speculation: Have Positions Already Shifted?
According to the filing, Nvidia’s portfolio was worth about $305 million at the end of the year. Approximately 45 days following the conclusion of each quarter, investors who possess more than $100 million must submit a 13F to the SEC, which gives an overview of their holdings. Nvidia’s holdings, however, might have changed in the six weeks since the filing due to the timing of the report. It’s possible that new positions have been created or that existing ones have been raised, reduced, or closed since the year started.
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