Chautauqua Capital Management released its second quarter 2025 investor letter for the Baird Chautauqua International and Global Growth Fund, noting a market shift from losses to new highs following tariff announcements and recession fears. The fund underperformed its benchmark but highlighted top five holdings for 2025.

In the same letter, Baird Chautauqua International and Global Growth Fund spotlighted NVIDIA Corporation (NASDAQ: NVDA) as a top stock pick. NVIDIA saw a 2.3% one-month return and gained 46.73% over the past 52 weeks, closing at $178.19 per share on September 26, 2025, with a $4.338 trillion market cap.

The fund discussed NVIDIA Corporation (NASDAQ: NVDA) in detail, praising its solid first quarter results despite China-specific challenges and supply constraints. The fund had been underweight on NVIDIA due to concerns about potential overcapacity in the AI datacenter space.

NVIDIA Corporation (NASDAQ: NVDA) ranked 5th among the 30 Most Popular Stocks Among Hedge Funds, with 235 hedge fund portfolios holding the stock at the end of the second quarter. NVIDIA reported $46.7 billion in revenues in the second quarter of fiscal 2026, surpassing expectations. While NVIDIA shows promise, some AI stocks may offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Here’s Why NVIDIA Corporation (NVDA) is on Detectors’ List of Baird Chautauqua International Growth Fund