Nvidia Exits Applied Digital Stake, Opens New Intel and Nokia Positions
Nvidia disclosed in its latest 13F filing that it sold its entire Applied Digital stake, closing the position alongside exits in Arm and WeRide. The move signals a portfolio shift toward core AI infrastructure and networking, with Nvidia opening new stakes in Intel and Nokia.
1. Nvidia Exits Applied Digital Position
In its latest 13F filing Nvidia disclosed it has sold its entire stake in Applied Digital Corp, formally closing the investment it held at the end of 2025. This exit follows similar divestments in Arm Holdings and WeRide, reducing Nvidia’s exposure to smaller AI-linked firms.
2. Shifts Toward Core AI Infrastructure
The filing shows Nvidia is concentrating on core AI infrastructure and networking, reallocating capital to new stakes in Intel and Nokia. These moves reflect a strategic pivot toward companies with established data center and semiconductor operations.
3. Potential Impact on Applied Digital
Without Nvidia’s backing, Applied Digital may face increased selling pressure from other institutional investors monitoring top holders. The exit could lead to volatility in APLD stock as market participants reassess its valuation and growth prospects.