Nvidia's recent sell-off of its stake in SoundHound AI led to a steep drop in the latter's stock price, falling to the $9-$10 range. This move, alongside a reduction in Nvidia's holdings in Arm Holdings, left many investors surprised. Despite these divestitures, Nvidia maintains its position in Applied Digital, a stock that shows high short interest and promising price targets. As Nvidia's earnings report looms, investors remain uncertain about its future trajectory and are beginning to explore emerging 'Next Nvidia' stocks projected to soar in 2025.
Nvidia's recent divestitures in SoundHound AI and Arm Holdings have raised eyebrows, leading to significant stock price declines, while they maintain their stake in Applied Digital.
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