Shares of Smaller AI Firms Rise After Nvidia Discloses Investments

Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them as of Dec. 31.This move by Nvidia offers insights into its growth strategy and highlights its growing influence in the AI world, Reuters reported Thursday. With a rapidly increasing market value, Nvidia has become the third most valuable U.S. company.Nvidia’s largest investment of $147.3 million was in chip designer Arm Holdings, a ...