Nvidia Just Sold Its Entire Position in SoundHound AI. Should You Follow?

Following the end of each quarter, institutional investors managing over $100 million are required to file a form 13F with the Securities and Exchange Commission (SEC). A 13F itemizes the individual stocks money managers bought and sold during the most recent quarter. Investors can use these filings as tools to uncover where the "smart money" is looking for opportunity.

While most investors probably think of the 13F as a requirement for banks and hedge funds, remember that non-financial institutions also make investments of their own.

For example, Nvidia currently owns stock in five different public companies -- Arm Holdings, Applied Digital, Recursion Pharmaceuticals, Nebius Group, and WeRide. Last quarter, however, Nvidia completely exited its position in voice recognition artificial intelligence (AI) stock SoundHound AI (NASDAQ: SOUN).

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