Nvidia shakes up stock portfolio, cratering Serve Robotics and sending WeRide soaring
Published On Feb 14, 2025, 4:06 PM
Nvidia has recently updated its equity portfolio, leading to significant market movements among its holdings. The Chinese autonomous driving company WeRide saw its shares soar by 83.5% after Nvidia took a stake worth approximately $57 million. Conversely, Serve Robotics experienced a severe drop of 39.4% after Nvidia sold its entire position in the company. Other companies affected include Nebius Group, which rose by 6.7%, and SoundHound, which fell 28.1% following Nvidia's sale of its holdings. Nvidia's overall portfolio value was reported at roughly $305 million as of the end of the previous year.
Stock Forecasts
WRD
Positive
Nvidia's investment in WeRide indicates strong confidence in the autonomous driving sector, especially with its significant upward movement. Conversely, the divestment from Serve Robotics suggests concerns over its future viability, leading to a sharp price drop. The movements in these stocks can influence future investment decisions in tech and robotics sectors, particularly for those focusing on AI and automation.
SERV
Negative
The sell-off by Nvidia, particularly of Serve Robotics, raises concerns about that company's prospects and can lead to further declines if investor sentiment turns negative. This move can deter new investors and trigger existing ones to reconsider their holdings in SERV.