Several Nvidia $NVDA ( ▲ 1.63% ) -backed names slid in after-hours trading after the chip giant’s latest 13F filing revealed it exited multiple positions during Q4 2025. Applied Digital $APLD ( ▼ 4.92% ) , WeRide $WRD ( ▼ 4.04% ) , and Recursion Pharmaceuticals $RXRX ( ▲ 2.02% ) all dipped as investors digested the news that a major AI bellwether had cashed out.
Nvidia also sold its stake in Arm $ARM, though the impact there was cushioned by separate bullish developments tied to AI infrastructure demand.
Not a full retreat from the ecosystem
Despite unloading Applied Digital directly, Nvidia still maintains indirect exposure through its sizable stake in CoreWeave $CRWV ( ▲ 4.89% ) , which holds warrants in the data center operator. That nuance suggests the move may be portfolio rebalancing rather than a vote of no confidence in AI infrastructure demand.
Meanwhile, Arm’s outlook could actually improve. Nvidia’s expanding partnership with Meta $META ( ▲ 0.62% ) will feature Arm-based CPUs more prominently in data centers, potentially boosting Arm’s volumes even after the stake sale.
Rotating into telecom and chip design tools
The filing also showed Nvidia building positions in Nokia $NOK ( ▲ 1.78% ) , Intel $INTC ( ▼ 1.56% ) , and Synopsys $SNPS ( ▲ 4.83% ), signaling interest in networking hardware, CPUs, and semiconductor design software. Its holdings in CoreWeave and Nebius $NBIS ( ▲ 4.39% ) remained unchanged, reinforcing that Nvidia is still heavily exposed to the AI compute boom even as it reshuffles specific bets.