SoundHound AI, Nano-X Shares Surge After Nvidia Discloses Stakes
By Dean Seal
Shares of SoundHound AI and Nano-X Imaging surged after chip giant Nvidia disclosed stakes in each of them.
SoundHound's stock was up 78% at $4.02 in premarket trading, while Nano-X's shares were up 51% at $9.60.
In a securities filing released after the market closed Wednesday, Nvidia disclosed that it owned about 1.7 million shares of Soundhound, which specializes in voice-enabled artificial intelligence, as of the end of 2023. Nvidia previously participated in a $75 million funding round for SoundHound back in 2017.
The same filing noted that as of the end of December, Nvidia held 59,632 shares of Nano-X, an Israel-based medical imaging company.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 15, 2024 09:03 ET (14:03 GMT)
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