Chip giant Nvidia invests in voice-enabled AI and medical imaging companies
- SoundHound AI and Nano-X Imaging shares surge after Nvidia discloses stakes
- SoundHound’s stock up 78% and Nano-X’s shares up 51%
- Nvidia owns about 1.7 million shares of SoundHound
- Nvidia holds 59,632 shares of Nano-X
Shares of SoundHound AI and Nano-X Imaging surged after chip giant Nvidia disclosed stakes in each of them. SoundHound’s stock was up 78% at $4.02 in premarket trading, while Nano-X’s shares were up 51% at $9.60. Nvidia owns about 1.7 million shares of Soundhound, which specializes in voice-enabled artificial intelligence. Nvidia previously participated in a $75 million funding round for SoundHound back in 2017. The same filing noted that Nvidia holds 59,632 shares of Nano-X, an Israel-based medical imaging company.
Companies Public: SoundHound AI (Unknown), Nano-X Imaging (Unknown), Nvidia (Unknown)
Factuality Level: 8
Factuality Just: The article provides specific information about the increase in stock prices for SoundHound AI and Nano-X Imaging after Nvidia disclosed its stakes in each of them. It also mentions the number of shares Nvidia owns in each company and their previous participation in funding rounds. The information provided is specific and verifiable, without any obvious bias or misleading information.
Noise Level: 7
Noise Just: The article provides information about the surge in stock prices of SoundHound AI and Nano-X Imaging after Nvidia disclosed its stakes in them. It mentions the percentage increase in stock prices and the number of shares Nvidia owns in each company. However, it lacks in-depth analysis, scientific rigor, and evidence to support the claims. It also does not provide any actionable insights or solutions for the reader. The article stays on topic and does not dive into unrelated territories.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The article pertains to financial topics as it discusses the surge in stock prices of SoundHound AI and Nano-X Imaging after Nvidia disclosed its stakes in each of them. However, there is no mention of any extreme event or its impact.
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