NVIDIA's latest holdings have been revealed! Among the 6 major AI concepts, which one has the most explosive potential?

NVIDIA's latest investment map has been released!

According to NVIDIA's Form 13F submitted to the SEC in the USA, as of the end of the first quarter, it holds a total of 6 companies, which are:

Datacenter Operators $CoreWeave (CRWV.US)$ , Chip Design Giants $Arm Holdings (ARM.US)$ , Datacenter Operators $Applied Digital (APLD.US)$ , AI Medical Companies $Recursion Pharmaceuticals (RXRX.US)$ , Datacenter Operators $NEBIUS (NBIS.US)$ , Self-Driving Car Companies$WeRide (WRD.US)$ 。

As a leader in the Global AI computing field, NVIDIA's capital layout is becoming a strategic barometer for the development of the Technology industry.

The market believes that NVIDIA's investment decisions are based on a deep understanding and forward-looking judgment of AI technology development, often representing the direction of industry development, and the companies that receive its investment may enjoy multiple advantages such as technological support, chip supply, and ecological resources.

So, which of the six companies in the AI field that NVIDIA has invested in have long-term investment value? Who has the greatest potential for explosive growth? Futu News will analyze them for mooers one by one.

– CoreWeave: closely tied to NVIDIA, possessing outstanding large-scale computing cluster management capabilities.

According to Caitong Research Reports, $CoreWeave (CRWV.US)$ Founded in 2017 as a mining operation, it accumulated a large number of GPUs through its predecessor Atlantic Crypto. After the cryptocurrency market collapsed, the company began exploring transformation, acquiring second-hand GPUs at a Low Stock Price, and shifted to providing high-performance computing rental services in AI and film industries.

The launch of ChatGPT in 2022 ignited a global wave of AI.CoreWeave has rapidly risen due to its Bare Metal GPU model and powerful computing supply capabilities.In 2023, it established a deep partnership with NVIDIA and attracted major clients including OpenAI, Meta, and Microsoft, focusing on AI computing rental.It has become one of the most influential AI core infrastructure providers in North America.

CoreWeave has 32 datacenters, running over 0.25 million GPUs, primarily serving major North American clients such as Microsoft, NVIDIA, OpenAI, Meta, and Google.CoreWeave focuses on GPU computing-centered rental & leasing services, with 32 datacenters and over 0.25 million GPUs, targeting leading North American clients like Microsoft, NVIDIA, OpenAI, Meta, and Google, meeting their rapidly growing computing needs while increasing the flexibility of their capital expenditures.

NVIDIA's preference for CoreWeave has reached a level of 'treating it as one's own.'After receiving investment from NVIDIA, CoreWeave has become a direct cloud computing supplier for NVIDIA, and even Microsoft has to order cloud computing from them.

In addition, according to the latest reports,CoreWeave has reached an agreement worth up to 4 billion USD with the AI company OpenAI, which will last until 2029, aimed at providing additional Cloud Computing Service capabilities.。

It is worth noting that Microsoft is one of OpenAI's largest supporters and also one of CoreWeave's most important clients. According to documents submitted to the USA Securities and Exchange Commission, Microsoft is one of CoreWeave's two major clients in 2024, contributing nearly two-thirds of the total revenue.Expanding the partnership with OpenAI may help CoreWeave reduce the risk of over-reliance on Microsoft.

– ARM: A giant in the Semiconductors IP field

$Arm Holdings (ARM.US)$ It is a chip company that does not make chips, generating revenue through the sale of chip architecture licenses. Specifically, ARM's profit model mainly has two types: one is the licensing model (Upfront license fee), accounting for 40% of total revenue; the other is the patent royalty model (Royalty fee), accounting for 60% of total revenue.

– The licensing model refers to the fact that Other companies have to pay a licensing fee when using Arm's architecture to design chips, paying once for each use, which mainly reflects the value of Arm's technology and market demand.

The royalty fee model means that chip manufacturers use Arm's architecture, and after selling the produced chips, Arm takes a percentage as a fee based on the shipping volume of its partners, charging for each chip or device, which mainly reflects the sales situation and market share of partner products.

Among them,The royalty fee is Arm's most profitable business, yet its pricing is not high, which is also an important reason why its market share reaches 99%, but its revenue and profit scale are not particularly large.

– Applied Digital: Datacenter solutions provider.

$Applied Digital (APLD.US)$Established in 2001, it is an American company focused on designing, building, and operating next-generation digital infrastructure and high-performance computing datacenters.APLD primarily meets the needs of computationally intensive applications such as mining, AI, and ML by providing solutions like datacenter hosting, cloud computing services, and high-performance computing hosting, relying on advanced NVIDIA GPU technology and innovative cooling systems to ensure clients receive efficient, scalable, and secure computing support.

NVIDIA's investment in Applied Digital further indicates its deep involvement in the AI infrastructure sector. As the demand for AI computing power surges across various industries, Applied Digital has become a key player in the AI infrastructure field, offering scalable and cost-effective infrastructure services.

– Recursion Pharmaceuticals: The leader in AI drug development.

$Recursion Pharmaceuticals (RXRX.US)$ It is a clinical-stage biotechnology company.focusing on accelerating drug development using artificial intelligence (AI) technology.The company is centered around AI technology and is dedicated to drug discovery, precision medicine, treatment of rare diseases, oncology, and neuroscience.

According to media reports from the Gazelle Society,RXRX's data and computing power are quite impressive,In 2024, the company's supercomputer BioHive-2 made its debut, recognized as the largest supercomputing system in the pharmaceutical industry. NVIDIA's powerful computing capabilities can support RXRX's AI drug development.

RXRX focuses on using Computer Vision and machine learning algorithms to analyze cellular image data,to identify potential therapeutic effects. By constructing a vast biological image database and training deep learning models to predict the impact of compounds on cells, RXRX can rapidly screen promising new drug candidates. In the AI pharmaceutical industry, RXRX is at the forefront with its unique technological path and service model, providing new ideas and methods for tackling difficult diseases and developing new drugs.

– NEBIUS: Benefiting from support in Europe, winning with cost-effective short-term leasing.

According to Caitong Securities,Nebius originated from the Russian tech giant Yandex, with its business spanning search, maps, ride-hailing, music, and streaming.After the Russia-Ukraine conflict in 2022, Yandex faced geopolitical upheaval, initiating a strategic restructuring to exit the Russian market. In October 2024, Yandex officially completed the separation from Nebius. The reborn Nebius leverages Yandex's AI capabilities and expertise in building hyperscalers to attract a large number of AI infrastructure talents, fully committing to computing power leasing, entering the global AI infrastructure market, offering large-scale GPU cluster leasing services and related development tools.

Nebius offers full-stack AI solutions,including Nebius AI Cloud, which provides various development tools, and Nebius AI Studio, which supports model testing, as well as services such as data annotation purchasing, staff training, and self-driving technology.Nebius data centers are located in various places in Europe and the USA, with a diverse client base,composed of large AI training laboratories, startups, and internal AI teams of enterprises. Nebius’s business composition is more complex than CoreWeave, and it is more cautious in terms of capital expenditures.

– Wenyan Zhixing: the world's first Robotaxi stock.

$WeRide (WRD.US)$ Focusing on Self-Driving Car technology, it is a leader in this field. WeRide uses NVIDIA's advanced GPUs and AI software to power its vehicles and has already been operating self-driving taxis in multiple cities.

WeRide's revenue mainly comes from two parts of the Business: sales of L4 autonomous vehicles, such as self-driving taxis (Robotaxi), self-driving cleaning vehicles (Robosweeper), and related Sensors; and providing L4 autonomous driving and ADAS assisted driving services, including operations and technical support, and ADAS R&D services.

NVIDIA is an early investor in WeRide. WeRide, founded on L4, has risen with the support of several star investors: Qiming Venture Partners, Xiaopeng Motors founder He Xiaopeng, IDG, Mubadala, and Innovation Works. During this time, it has received offers from industry giants including the Renault-Nissan-Mitsubishi Alliance, NVIDIA, Bosch, GAC, Yutong, and Uber.

In addition, it is noteworthy that recently Uber promised to increase its equity investment in WeRide by 0.1 billion dollars based on existing investments. Insiders revealed that this investment is expected to be completed in the coming months. It is reported that this is Uber's largest investment in the field of autonomous driving to date.

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