Kolabbaabba
11 월 전
Tusimple walked away with half a billion in cash, almost no debt, and valuable IP. It’s Book Value Per Share according to the Q3 2023 filing with the SEC was in the mid $3 per share. Trading at $0.25 to $0.50. Then- not only do they de-list under their ‘pivot to Asia’ strategy, they delist to the least monitored OTC market out there. Pink Sheet. They likely will try to go private and buy us out at like $0.50. But, there are world class law firms in every country and every region. And I for one, will be there.
powerbattles
11 월 전
MW Nvidia discloses positions in SoundHound AI, Arm - and these other stocks
7:16 PM ET 2/14/24 | MarketWatch
By Emily Bary
SoundHound's stock roars after Nvidia reveals position worth about $3.7 million as of the end of last year
Investors were getting a peek Wednesday at where fund managers have made their recent bets, as those managers released the required quarterly reports on their holdings.
But Wednesday also brought a look at investments made by some public companies, including chip powerhouse Nvidia Corp. (NVDA), which joined those money managers in filing a 13-F after the closing bell.
That's why Wall Street seemed to be showing a new interest in shares of SoundHound AI Inc. (SOUN), which develops speech recognition and other related technologies. Nvidia disclosed that it owned about 1.7 million shares of the AI company as of the end of December, and those were worth roughly $3.7 million as of then.
SoundHound shares were rocketing nearly 40% in after-hours trading Wednesday. The company had a market value of $576 million as of Wednesday's close.
See also: Ordering on the Chipotle app or at the Krispy Kreme drive-through? You might be talking to AI.
Nvidia's 13-F also listed investments in red-hot chip designer Arm Holdings PLC (ARM), medical-imaging developer Nano-X Imaging Ltd. (NNOX), drug developer Recursion Pharmaceuticals Inc. (RXRX) and autonomous-driving company TuSimple Holdings Inc. (TSPH).
Nvidia's position in Arm, which it previously tried to acquire, was worth $147 million as of the end of December. Its holdings in Nano-X were worth about $400,000, its holdings in Recursion were worth about $76 million, and its position in TuSimple was worth roughly $3 million at that same time.
MarketWatch previously reported on Nvidia's investment in and partnership with Recursion.
TuSimple, meanwhile, said in December that it planned to wind down its U.S. operations. Last month, the company said it intended to voluntarily delist its common stock from the Nasdaq.
Don't miss: George Soros' fund bets on U.S. leisure travel, with fresh stakes in JetBlue, Spirit, Sun Country
-Emily Bary
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
> Dow Jones Newswires
February 14, 2024 19:16 ET (00:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Check the background of Morgan Stanley Smith Barney LLC on FINRA's BrokerCheck and see the
Value_Investor
1 년 전
Another Huge Risk of TSP is: the coming Huge R/S --- from 10:1 to 100:1 which will cause at least 80% Huge price crashing! So, the New OS will soon be 20,510,318 ~ 2,051,032 shares and the New Bottom will be $0.15 or below.
In fact, its Extra-NASDAQ peer (VYNT: 6,328,752 shares of the FIXED Tiny OS) had already crashed to $0.141 after its recent R/S action!
Value_Investor
1 년 전
I'll cover this Pos Scam at $0.75 or below before the coming possible CH11 or CH7 Bankruptcy...
TSP has 205,103,184 shares of Diluting Giant OS count which means Huge R/S will kick in here very soon...
https://www.otcmarkets.com/stock/TSP/security
Hopefully TSP won't be De-listed like its previous-Nasdaq peer (VYNT) did most recently! I'm afraid that TSP will crash to $0.141 as well in the short term...
Note,VYNT only has 6,328,752 shares of the FIXED Super Tiny OS count over THREE Years! ZERO dilution since 2020!
https://www.otcmarkets.com/stock/VYNT/security
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