Nvidia’s remarkable growth: The journey of American AI chip maker Nvidia has been astonishing. On June 20 this month, when the company’s stock reached $140, the company’s market cap exceeded that of top global companies like Apple and Microsoft and Nvidia became the world’s most valuable global public company. However, there has been some reduction in the stock and market cap (Nvidia Market Cap) of the top level company and it is still among the top 3 companies. Currently, 8 Indian mutual funds have benefited greatly from this great journey of Nvidia and their returns have been tremendous.
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Nvidia Stock Movement
Returns this year: 145%
Return in 1 year : 191%
Return in 5 years : 2774%
Returns since listing: 447570%
The return is at the current price of $118. If we calculate the price of June 20 at $140, it will be even higher.
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Many mutual funds benefit
Many mutual funds (Indian Mutual Funds) have benefited from this journey of Nvidia. Value Research has identified 8 such mutual funds by tracking the Nasdaq and S&P 500 index.
Fund Name |
VR Categories |
Nvidia Holding (%) |
Avg Nvidia Holding (%) |
Stock Return |
Mirae Asset NYSE FANG+ ETF |
International |
11.5 |
10.6 |
736% |
Mirae Asset S&P 500 Top 50 ETF |
International |
10.5 |
4.2 |
556% |
ICICI Prudential NASDAQ 100 Index Fund |
International |
7.5 |
4.4 |
431% |
Motilal Oswal NASDAQ 100 ETF |
International |
7.5 |
1.7 |
31929% |
Motilal Oswal S&P 500 Index |
International |
6.1 |
1.9 |
1762% |
Edelweiss Technology |
Sectoral-Technology |
4.9 |
4.5 |
50% |
Axis Growth Opportunities |
Large & MidCap |
1.1 |
1 |
190% |
Axis Innovation Thematic |
Thematic |
1.1 |
0.7 |
221% |
(Source: value research)
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Boost from artificial intelligence
According to Value Research, Artificial Intelligence (AI) is called the new gold in the tech sector. OpenAI launched ChatGPT in November 2022 and from there the AI ​​race started. The improved conditions of AI have led to a huge increase in Nvidia’s revenue and profits. The company’s revenue in the year 2022 (full year) was $26.9 billion, but if we look at the latest quarterly results, the company earned $26 billion in a single quarter. Meanwhile, net profit increased from $4.4 billion in 2022 (full year) to $14.9 billion in a single quarter. When a company’s profits and revenue increase at this pace, it is reasonable for its share price to rise.