Key Takeaways

Shares of WeRide ( WRD ) soared Friday along with other tech stocks after Nvidia ( NVDA ) disclosed a stake in the Chinese autonomous driving company.

WeRide shares nearly doubled in value during Friday's session, rising more than 80$ after a filing Thursday showed Nvidia held 1.74 million shares as of Dec. 31. WeRide, which operates driverless vehicles in 30 cities across nine countries, made its debut on the Nasdaq in October.

The filing showed Nvidia added a stake in Nebius Group ( NBIS ), an AI infrastructure company, as well. Shares of Nebius were up nearly 7%. Nvidia rose almost 3%.

Shares of AI voice technology company SoundHound AI ( SOUN ), delivery robot developer Serve Robotics ( SERV ), and medical technology firm Nano-X Imaging ( NNOX ) tumbled as the filing showed Nvidia divested its holdings in those companies. SoundHound shares dropped almost 30%, Serve Robotics shares plunged 40%, and Nano-X fell 11%.

Nvidia also reduced its stake in chip designer Arm Holdings ( ARM ) to roughly 1.1 million shares from 1.96 million. Its shares finished Friday 5% down more than 3%.

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