By Kara Greenberg
Publication Date: 2026-02-18 18:21:00
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Shares of Applied Digital, Recursion Pharmaceuticals and WeRide lost ground Wednesday after a regulatory filing revealed Nvidia sold its stakes in those companies in the fourth quarter.
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The AI chipmaker added new stakes in Intel, Nokia, and Synopsys.
Nvidia is backing out of some of its bets.
Shares of three AI-focused firms fell Wednesday following the news that Nvidia (NVDA) sold its stakes in the companies in the fourth quarter. Data center service provider Applied Digital (APLD) dropped nearly 10%, while drug developer Recursion Pharmaceuticals (RXRX) plunged 14% and driverless tech company WeRide (WRD) slipped close to 4%, before paring their losses later in the session.
A regulatory filing revealed Nvidia’s sales of the companies’ shares but didn’t specify the company’s reasoning. Nvidia declined to comment on the changes to its portfolio.
Nvidia’s moves to exit these stakes could undermine confidence in the shares of companies that have gotten a boost from the chipmaker’s support in the past.
Nvidia’s stock climbed about 2%, bringing it back into positive territory for 2026 after a rough start to the year marked by lingering worries about an AI bubble. Read Investopedia’s full daily markets roundup here.
Nvidia’s latest 13F filing also revealed it dropped its shares of Arm (ARM), the chip designer and long-term partner it tried to acquire in 2020. Shares of Arm were up about 2% recently, building on gains earlier this month after…
