Nvidia, the leading AI chip manufacturer, has divested its entire stake in Nano-X Imaging, according to its recent 13-F filing with the Securities and Exchange Commission. This move was part of a broader portfolio shake-up where Nvidia also exited positions in other artificial intelligence companies.
At the end of the third quarter, Nvidia held a stake in Nano-X Imaging valued at $362,000. The decision to sell these shares could be interpreted by investors as a re-evaluation of Nanox's long-term potential or a strategic reallocation of capital by Nvidia.
While the exact reasons for Nvidia's divestment are not publicly disclosed, the exit of a prominent investor can influence market sentiment. Nano-X Imaging, like other companies Nvidia divested from, has yet to achieve profitability, which may contribute to investor volatility.
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