Nvidia (NASDAQ: NVDA) is the world’s largest semiconductor company. It’s worth a whopping $1.8 trillion, and over $1 trillion of that value was created in the last 12 months alone on the back of its next-generation data center chips designed to process artificial intelligence (AI) workloads.
Now, Nvidia is spreading some of its newfound wealth across other areas of the AI industry. It filed a form 13F with the Securities and Exchange Commission (SEC) last week, revealing the company held a number of investments in other AI companies.
SoundHound AI (NASDAQ: SOUN) is one of them, and its stock soared 67% on the day Nvidia’s investment was revealed. The company is worth just shy of $1 billion as of this writing, but its voice-based AI technologies are incredibly innovative and have the potential to create substantially more value. Here’s why investors might want to follow Nvidia’s lead…
