Nvidia "BUY" Weride? Let's see some details!

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JacksNiffler
02-18

$NVIDIA (NVDA)$ Chinese self-driving startup WeRide was featured in a recently filed 13F, owning roughly 1.7 million shares of WeRide, and for a time bringing High on the latter as well.

But there are some details worth noting:

  1. This part of the investment has a 180-day lock-up period, and NVIDIA can't sell these shares before the end of the lock-up period;

  2. Not newly purchased shares, but previously held shares, and according to the 13F, this portion of the investment was not an investment decision made by NVIDIA itself, but by a trio of organizations;

    NVIDIA was an early investor in WeRide's Pre-A round of financing, having made the investment back in 2017 as part of a $52 million financing led through Qiming Venture Partners Qiming Venture Partners V, L.P (the aforementioned tri-party organization), with NVIDIA contributing through its GPU Ventures division;Qiming Venture Partners owns 8.5% of the shares and 5.7% of the voting rights, while NVIDIA does not;

  3. NVIDIA itself invests very broadly in tech companies and doesn't necessarily hold positions for very long.It previously held $Serve Robotics Inc.(SERV)$ (SPAC listed) for only two quarters before liquidating the position.

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