Nvidia Has $71 Million Invested in These Smaller-Cap AI Stocks

Nvidia (NASDAQ: NVDA) is reporting tremendous demand for its graphics processing units (GPUs). It supplies these chips for gaming, data centers, automotive, and artificial intelligence (AI) researchers. All that demand is generating plenty of excess revenue for Nvidia and the company is looking for ways to put that money to good use. One way Nvidia capitalizes on these added funds is by making strategic investments in companies that help spread the adoption of its products.Nvidia's third-quarter 13F filing showed it still held 1.7 million shares of SoundHound AI (NASDAQ: SOUN), a leader in voice assistance technology. It also revealed a new position in Applied Digital (NASDAQ: APLD), a fast-growing designer and builder of data centers. Both companies have a solid symbiotic relationship with Nvidia. Nvidia's investment in SoundHound had a value of $8 million at the end of the quarter, but it held a significantly larger investment in Applied Digital worth $63 million.Here's why it might be worth following Nvidia into these two opportunities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool