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.
New York-listed shares of British semiconductor firm Arm ticked more than 1% higher 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, CEO 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.
Nvidia's investment in the IPO came after its failed bid to buy the company outright for $40 billion, a deal that was initially agreed between Nvidia and Arm's then-owner SoftBank back in 2020. The acquisition ultimately fell through in 2022 following regulatory hurdles on both sides of the Atlantic.