6. NVIDIA Corp. (NASDAQ:NVDA)
Number of Hedge Fund Holders: 179
NVIDIA Corp. (NASDAQ:NVDA) is a technology company specializing in graphics processing units (GPUs). These powerful chips are used for tasks like gaming, video editing, and AI. While it’s best known for gaming graphics cards, its GPUs are also crucial for powering data centers and accelerating AI research. The focus on high-performance computing has made it a key player in the tech industry.
The company has experienced significant growth in recent years. In FQ2 2025, its revenue soared 122.4%, primarily fueled by the increasing demand for data center chips. Looking ahead, the company projects revenue of $32.5 billion for the FQ3, driven by the strong performance of its Blackwell and Hopper Architecture products. Blackwell architecture is a new generation of GPUs designed for high-performance computing and GenAI, while Hopper architecture focuses on data center applications, both enhancing processing power and efficiency for complex tasks like AI model training and inference.
Its dominance in the AI chip market, with a market share ranging from 70% to 95%, has solidified its position as a leading player in the industry. Overall, NVIDIA Corp.’s (NASDAQ:NVDA) impressive financial performance, strong market position, and innovative technology have positioned it as a key player in the AI revolution.
Vltava Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2024 investor letter:
“Over the summer, we devoted a lot of time to studying the AI-related investment wave. This spans a wide range of sectors and our view could be very briefly summarised as follows: The first-tier beneficiaries are primarily companies in the semiconductor sector, NVIDIA Corporation (NASDAQ:NVDA) perhaps the most. That company is benefiting from the huge increase in investment by large technology companies to build enormous data centres. We know who NVIDIA’s customers are. They are companies like Meta, Alphabet, Amazon, and Microsoft. They are investing hundreds of billions of dollars into their AI capabilities. What is not entirely clear, however, is who are and will be the customers of NVIDIA’s customers, and, more importantly, when, and if, they will be able to come up with such huge demand for AI services that the profits from AI will justify and pay for the enormous investments all these companies have been making. The further we move away from the starting point that NVIDIA represents in our more broadly-reaching estimates, the lessreliable those estimates are.So far, we know just one thing for sure, and that is that investments in AI capabilities are ongoing and they are huge. They are not only bringing large demand to chipmakers and the semiconductor sector but to some other sectors as well. Indeed, building AI clusters also requires the construction of new semiconductor factories, new energy sources, and all the associated infrastructure. The numbers under consideration are incredibly high. It is possible that over the next decade the construction of AI centres will necessitate a 20% increase in US energy consumption. The investment required will be measured not in the hundreds of billions of dollars, but in an order of magnitude higher. Maybe two orders of magnitude.”
