Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.
Nvidia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips, which underpin powerful AI models from Google, Amazon, OpenAI and others.
TuSimple, an autonomous trucking company, rocketed 40% on Thursday after the disclosure of Nvidia's $3 million stake.
Nvidia bought $50 million worth of shares in 2023 and now has an investment worth $76 million, according to its filing.
In recent years, Nvidia has backed hot AI startups including Cohere, Hugging Face, CoreWeave and Perplexity.
Persons:
Jensen Huang, SoundHound, TuSimple, what's, Nvidia's, they're, Jonathan Cohen
Organizations:
Nvidia, Investors, Apple, Microsoft, Google, Zebra, Nasdaq, Committee
Locations:
Taipei, U.S, SoundHound, TuSimple