NVIDIA stock surges due to high demand for GPUs in AI applications, mutual funds offer stability and growth potential

From Nasdaq: 2024-07-17 07:34:00

NVIDIA Corporation dominates chipmaking sector with high demand for its GPUs in AI applications. Stock price surges 155.2% year-to-date and 764.9% since 2023. Market cap increased by $277 billion on Feb 22, making it the world’s largest company. Quarterly earnings beat estimates, paving way for continued growth in AI and accelerated computing.

Mutual funds investing in NVDA provide stability and growth potential for investors. Permanent Portfolio, Fidelity Capital Appreciation, Putnam Large Cap Growth, and American Funds New Economy are top funds with strong performance records. PRPFX, FDCAX, POGAX, and ANEFX offer positive returns and low expense ratios, making them attractive options for investors.

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Read more at Nasdaq: 4 Mutual Funds With NVIDIA Exposure to Add to Your Portfolio