Nvidia reduces stake in Arm Holdings, invests in Chinese self-driving startup WeRide

According to the latest regulatory filings, Nvidia reduced its stake in British chip company Arm Holdings by about 44% in the fourth quarter and exited its holdings in Serve Robotics and SoundHound AI. At the same time, Nvidia held 1.7 million shares of Chinese autonomous driving startup WeRide, driving its stock price up 76%. WeRide uses Nvidia's advanced graphics processors and AI software to power its vehicles.