Tech News
← Back to articles

Arm shares edge higher in premarket as Nvidia shakes up its AI bets

read original related products more articles

In this article ARM

NVDA

GOOGL

META

AMZN

MSFT

NOKIA-FI

TSM Follow your favorite stocks CREATE FREE ACCOUNT

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images

New York-listed shares of British semiconductor firm Arm ticked 1.4% higher in premarket trading on Wednesday, after documents showed Nvidia sold its stake in the company it once wanted to buy. At the end of the third quarter, Nvidia held 1.1 million shares of Arm with a value of $155.8 million. The chip giant's filing to the SEC on Tuesday showed it had offloaded the stock. Nvidia had held shares in Arm since 2023, but wound down the size of its stake toward the end of 2024, according to past documents filed with the SEC. When Arm debuted on the Nasdaq in 2023, the company's Chief Financial Officer Jason Child told CNBC that Nvidia had been among a group of strategic investors that collectively purchased $735 million of Arm shares. Apple , Google , Samsung and TSMC were also part of that cohort.

... continue reading