Nvidia’s AI bets include Arm, SoundHound
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 15 February 2024
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, February 15th. I'm Julie Morgan. |
| 0:13.2 | Invidia discloses AI Investments. |
| 0:16.1 | Shell gets out of a deal that has been nearly a decade in the making, |
| 0:20.1 | and Macau is set to hit a tourism record. |
| 0:23.7 | Invidia has disclosed investments in UK chip designer arm holdings, |
| 0:28.2 | voice AI recognition firm Soundhound AI, |
| 0:31.4 | and Chinese self-driving truck maker too simple. |
| 0:35.0 | The arm's stake was the biggest totaling $147.3 million. |
| 0:39.9 | If you recall, NVIDIA had tried to buy Arm for $40 billion back in 2020, but regulatory pressure |
| 0:46.7 | forced it to scrap the deal in 2022. |
| 0:50.0 | Arms stock has more than doubled in value since its market debut last September, which was |
| 0:55.0 | 2023's biggest IPO. |
| 0:58.0 | Invidia's disclosure of a $3.7 million stake in Soundhounds and Soft Bank's new stake in the firm sent its share million dollars |
| 1:04.0 | sent its shares surging 45.9% after the bell on Wednesday. |
| 1:09.0 | Invidia also disclosed a smaller stake in too simple at a little over $3 million. |
| 1:15.0 | It's important to note that Too Simple is in the process of winding down its U.S. operations |
| 1:21.0 | and recently delisted its stock from the NASDAQ. |
| 1:25.0 | Shell has withdrawn from talks on building a petrochemicals plant in Iraq southern oil hub of Basra, |
| 1:31.0 | after nearly 10 years of trying to get the project off the ground. |
| 1:35.5 | Argus reported on Wednesday that Iraq's oil ministry said Shell will end discussions regarding its role as a major investor in the Nebros Petrochemical's project, |
| 1:46.3 | while also confirming the company's continued support for the project through its partnership |
... |
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