The Hedge Funds Benefiting From Nvidia

The surging chipmaker has a significant presence in more than a few well-known hedge fund firm portfolios.

Courtesy Photo

Courtesy Photo

If you think Nvidia shareholders were already excited by its stock performance over the past year, you can be sure that they’re delirious after the chip giant reported quarterly results Wednesday evening that blew away expectations.

Shares of Nvidia surged about 25 percent in aftermarket trading, setting up enormous anticipation for an explosive trading day on Thursday for shares of Nvidia, other chipmakers, and so-called AI plays.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.