Baron Funds released its second-quarter 2025 investor letter for the Baron Global Advantage Fund, showing a return of 22.7% compared to benchmark gains. NVIDIA Corporation (NASDAQ: NVDA) was highlighted in the letter, with a one-month return of 12.50% and a closing stock price of $180.00 on August 4, 2025.

The investor letter noted that NVIDIA Corporation (NASDAQ: NVDA) saw significant gains and was misunderstood by investors, with a 37% drawdown in the first half of 2025. The company remains bullish on NVIDIA’s future, citing an expansion in demand for AI infrastructure and predicting significant growth opportunities.

NVIDIA Corporation (NASDAQ: NVDA) is ranked 5th on the list of 30 Most Popular Stocks Among Hedge Funds. The company reported a record $44 billion in revenues in the first quarter of 2026, representing a 69% year-over-year increase. While NVIDIA has potential, some believe other AI stocks offer greater upside and lower risk. Check out the list of AI stocks making waves on Wall Street for more insights.

Read more at Yahoo Finance: Here’s Why Baron Global Advantage Fund’s Has Strong Conviction in NVIDIA (NVDA)