But the same hand that gives can also take away. Last week, Nvidia submitted another regulatory filing that showed it had completely exited its stake in Soundhound AI. Just as investors viewed Nvidia's initial position in Soundhound as a vote of confidence, they saw the sale of all its shares as a vote of no confidence.

Nvidia stock remains in focus as investors analyze its latest performance amid growing competition in the AI chip market. With its stock trading at $139.23, Nvidia faces challenges from rivals like Google and Amazon,