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What smart money is saying about NvidiaUnited States flag

NVDA · Technology · Semiconductors · Market cap $5133.40B

24 funds in our archive have pitched Nvidia — most recently Longriver Partners Fund in July 2026.

Company profile

NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics division encompasses GeForce GPUs, central to PC gaming and personal computing experiences, along with the GeForce NOW cloud gaming service and its supporting infrastructure, as well as dedicated solutions for various gaming platforms. For professional visualization, it provides Quadro and NVIDIA RTX GPUs for enterprise workstations, further offering vGPU software designed for cloud-centric visual and virtual computing, automotive platforms for in-vehicle infotainment, and the Omniverse software suite, facilitating 3D design and virtual world creation. The Compute & Networking segment is a cornerstone for AI, high-performance computing (HPC), and accelerated data center platforms. It integrates Mellanox networking and interconnect solutions, delivers automotive AI Cockpit technologies, fosters autonomous driving development through strategic agreements, and offers comprehensive autonomous vehicle solutions. This segment also manufactures cryptocurrency mining processors, supplies Jetson platforms for robotics and other embedded applications, and offers enterprise AI software, including NVIDIA AI Enterprise. These diverse offerings find widespread application across the gaming, professional visualization, data center, and automotive sectors. NVIDIA distributes its portfolio through a broad ecosystem, engaging original equipment and device manufacturers, system integrators, add-in board makers, retail channels, software vendors, internet and cloud service providers, automotive companies (both manufacturers and tier-1 suppliers), mapping firms, nascent technology ventures, and other industry stakeholders. A notable strategic partnership exists with Kroger Co. Founded in 1993, NVIDIA Corporation maintains its corporate headquarters in Santa Clara, California.

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Summarize with Warren AI
59
Reported positions
11
Bought
4
Sold
122
Letters

Position history

Between Q1 2025 and Q3 2026, 59 fund letters reported a position in Nvidia — 11 opened or added to the position, 4 trimmed or exited.

Fund letters reporting a position in Nvidia, by quarter
QuarterLettersBoughtSoldTheses
Q3 202610001
Q2 2026429413
Q1 20267204
Q3 20250002
Q2 20250001
Q1 20250003

Fund activity · 60 positions · 15 moves

Also mentioned · 49

These funds discuss Nvidia — as a competitor, benchmark or comparable — without disclosing a position in it.

  • MentionedAurora Investment Counsel Investment Management
    September 2026
    “Today, Nvidia is the supplier, the customer and the financier to many of the same companies that are also suppliers and customers and vendors to still other AI hopefuls.”
    Read the letter
    Nvidia
  • MentionedGuinness European Equity Income Fund
    August 2026
    “Nvidia's financing arrangements with its own customers drew renewed scrutiny, raising questions about the durability of reported AI demand.”
    Read the letter
    Nvidia
  • MentionedGuinness Pan-European Equity Income Fund
    August 2026
    “Nvidia's financing arrangements with its own customers drew renewed scrutiny, raising questions about the durability of reported AI demand.”
    Read the letter
    Nvidia
  • MentionedGuinness Global Quality Mid Cap Fund
    August 2026
    “Semiconductor stocks consequently sold off: Nvidia and AMD fell more than 5% around the initial reaction, while Asian chip names also came under pressure.”
    119 more words on why — unlock Guinness Global Quality Mid Cap Fund’s full comment
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    Nvidia
  • MentionedSaga Partners
    August 2026
    “NVIDIA shows that an AI-related investment thesis can rest on knowledge and competitive advantages that already exist.”
    71 more words on why — unlock Saga Partners’s full comment
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    Nvidia
  • MentionedBronte Capital Amalthea Fund
    July 2026

    Named in a table in Bronte Capital Amalthea Fund’s letter.

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    Nvidia
  • MentionedGeneration IM Global Equity Strategy
    July 2026
    “Many businesses we cover, such as Texas Instruments, ASML and Applied Materials, trade on multiples that are stretched versus their own histories and are therefore fraught with risk. At the extreme, Nvidia is expected to deliver a CFROI of over 80% this year – a feat only 0.02% of stocks have managed for a full decade.”
    44 more words on why — unlock Generation IM Global Equity Strategy’s full comment
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    Nvidia
  • MentionedTroy Asset Management Global Equity Strategy
    July 2026
    “2. Fragile economics further down the chain. Behind the cash-rich hyperscalers, the picture is more precarious. The neoclouds – CoreWeave, Nebius, Crusoe, Lambda, and others – are highly indebted entities with aggressive expansion plans, set to grow from roughly 10% of hyperscaler capacity in 2025 to 30–40% in the coming years. They form a soft underbelly with potential to be disruptive marginal suppliers if supply ever exceeds demand. The leading AI labs face their own daunting hill towards self-sufficiency.”
    54 more words on why — unlock Troy Asset Management Global Equity Strategy’s full comment
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    Nvidia
  • MentionedAlpha Wealth Fund The Insiders Fund
    July 2026
    “Although the U.S Government, Nvidia, and others have taken significant stakes last year.”
    39 more words on why — unlock Alpha Wealth Fund The Insiders Fund’s full comment
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    Nvidia
  • MentionedPender Global Small/Mid Cap Equity Fund
    July 2026
    “Amazon, Meta, Nvidia, Google, Oracle, and SpaceX have issued approximately $182 billion in investment-grade bonds in 2026, roughly 15% of all US corporate debt issuance3.”
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    Nvidia
  • MentionedPender Alternative Absolute Return Fund
    July 2026
    “As valuations improved in high yield data centre bonds in July the Fund increased exposure to the sector with a focus on higher quality financings backed by investment grade tenants like NVIDIA and Alphabet Inc.”
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    Nvidia
  • MentionedCopeland Capital Management Dividend Growth
    June 2026
    “towards open-source providers like Nvidia’s Nemotron, Alibaba’s Qwen, DeepSeek, and others (Chart 3).”
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    Nvidia
  • MentionedCopeland Capital Management Dividend Growth Strategy
    June 2026
    “Model-Layer Revenue Explosion vs. Open-Source Growth It has been widely reported that Anthropic’ s revenue has accelerated parabolically, moving from $1B of annual recurring revenue (ARR) at the beginning of 2025 to $14B in the beginning of 2026 and $45B in May of 2026; adding $15 billion of ARR in May alone (Chart 2).6 This marks the fastest revenue ramp of any company in history. There is clearly exceptional demand for the latest models from leading AI labs. However, risks are emerging as companies scrutinize employee AI spend, at the same time as the labs see their cost structures ballooning, and low-cost, open-source models gain traction. Alex Karp, the CEO of Palantir, argues that governments and enterprises “want to know they own the means of production.”7 Consequently, some spending is already being diverted from major large language models (LLM) towards open-source providers like Nvidia’s Nemotron, Alibaba’s Qwen, DeepSeek, and others (Chart 3).8 Hyperscaler Capex vs.”
    436 more words on why — unlock Copeland Capital Management Dividend Growth Strategy’s full comment
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    Nvidia
  • MentionedDistillate Capital
    June 2026
    “The hyperscalers and NVIDIA have committed around $180 billion to OpenAI and Anthropic, who in turn spend much of that investment with those same companies.”
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    Nvidia
  • MentionedHarding Loevner International Equity
    June 2026
    “Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital”
    Read the letter
    Nvidia
  • MentionedHarding Loevner Emerging Markets Equity
    June 2026
    “What's on Our Minds Not long ago AI development seemed a phenomenon concentrated in the US. In 2022, San Francisco-based OpenAI's release of ChatGPT ignited the generative AI boom. Nvidia, headquartered just 40 miles south in Santa Clara, became the dominant supplier of the graphics processing units (GPUs) used to train advanced AI models. From the start, however”
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    Nvidia
  • MentionedHosking Partners
    June 2026
    “We are experiencing one of the biggest momentum markets in the modern history of equities. AI spending beneficiaries have produced 85% of the market's return this year. Based on analysts' expectations, they will generate nearly half the S&P 500's earnings growth this year, and four stocks - Nvidia, Micron, Broadcom, and Sandisk - will account for 40 percentage points of that.”
    Read the letter
    Nvidia
  • MentionedWedgewood Partners Large Cap Focused Strategy
    June 2026
    “More recent demand signals from customers - including Nvidia, Broadcom, and even Micron - indicate AI-related growth of over 50% per annum through 2029.”
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    Nvidia
  • MentionedHarding Loevner International Developed Markets Equity
    June 2026
    “Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades,”
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    Nvidia
  • MentionedCDT Capital
    June 2026
    “The Bust. A decline in forecasted AI spending will no doubt sober semiconductor investors as weakened demand for accelerators, servers, networking equipment and high-bandwidth memory significantly affect the earnings of these companies. From our perspective, this is going to be a hard pill for the market to swallow. In the top ten of the S&P 500 constituents, Nvidia and Micron alone now represent approximately 8.6% of the total market index, while the rest of the semiconductor sector as a group represents a record high of 19.7% of the market index’s weightings (Article).”
    Read the letter
    Nvidia
  • MentionedBlue Whale Growth Fund
    June 2026
    “Company: Nvidia Sector: Technology Company Size: $4,842bn Accelerating the evolution of artificial intelligence with silicon, systems and software that power the next era of computing You may not have heard of Nvidia but chances are, you’re already a regular user of one of the many services their chips enable, including video recommendations on TikTok, grammar checks in Word online, feed recommendations on Pinterest or ad recommendations on Facebook and Instagram. Nvidia’s chips speed up compute-intensive parts of applications.”
    43 more words on why — unlock Blue Whale Growth Fund’s full comment
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    Nvidia
  • MentionedClearBridge Investments Large Cap Growth Strategy
    June 2026
    “In the second half of 2026, we will continue to recalibrate our portfolio exposures and evaluate the best ways to represent AI. One way to do this is by assessing the AI lifecycle: the first beneficiary in 2024 was GPU leader Nvidia; 2025 saw Broadcom take market share in custom silicon for AI applications; in 2026 leadership has shifted to AI infrastructure — the picks and shovels providers of memory and various needs for data centers.”
    21 more words on why — unlock ClearBridge Investments Large Cap Growth Strategy’s full comment
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    Nvidia
  • MentionedHarding Loevner International Equity ADR
    June 2026
    “Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital consistently above its cost of capital.”
    Read the letter
    Nvidia
  • MentionedGiverny Capital Asset Management Model Portfolio
    June 2026
    “Not surprisingly, we’re seeing huge fundraising efforts by tech giants to take advantage of the optimism of investors. Massive IPOs either completed or on tap from AI darlings like Space Exploration Technologies, Open AI and Anthropic, plus chunky secondary stock and/or debt offerings from Alphabet, Amazon, Nvidia, Oracle and others may eventually drain what has been a very deep pool of investor liquidity.”
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    Nvidia
  • MentionedFocus Capital Management Fund
    June 2026
    “Silicon Motion is also poised to benefit more directly from the AI boom, both from their partnership with Nvidia on DPU boot drive chips as well as their MonTitan controller chips aimed squarely at data centers and hyperscalers, which have been gaining real traction in the market.”
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    Nvidia
  • MentionedCDT Capital (CDT)
    June 2026
    “The Bust. A decline in forecasted AI spending will no doubt sober semiconductor investors as weakened demand for accelerators, servers, networking equipment and high-bandwidth memory significantly affect the earnings of these companies. From our perspective, this is going to be a hard pill for the market to swallow. In the top ten of the S&P 500 constituents, Nvidia and Micron alone now represent approximately 8.6% of the total market index, while the rest of the semiconductor sector as a group represents a record high of 19.7% of the market index’s weightings (Article).”
    54 more words on why — unlock CDT Capital (CDT)’s full comment
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    Nvidia
  • MentionedTran Capital Management Multi-Cap Growth
    June 2026
    “Advanced chip manufacturing has become one of the most strategically vital links in the global economy, and that importance only deepens as AI infrastructure spending accelerates. TSMC sits at the center of that buildout, fabricating the most advanced silicon for the world's leading designers (i.e. Nvidia, Apple, AMD, and Broadcom among them) at a scale and yield no competitor can match.”
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    Nvidia
  • MentionedAegis Value Fund
    June 2026
    “Earnings gains were driven almost entirely by the hyperscalers - Amazon, Alphabet, Microsoft and Meta - and by the companies supplying the semiconductor and AI-infrastructure build-out, including Nvidia, Broad-”
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    Nvidia
  • MentionedHorizon Kinetics
    June 2026
    “Even NVIDIA, the most valuable company in the world, with free cash flow of almost $120 billion in the past four quarters, just raised $25 billion in debt.”
    50 more words on why — unlock Horizon Kinetics’s full comment
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    Nvidia
  • MentionedBurke Wealth Management Focused Growth Strategy
    June 2026
    “When Jensen Huang was asked to summarize Nvidia’s strategic philosophy he replied, “we do as much as necessary and as little as possible”.”
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    Nvidia
  • MentionedBronte Capital Amalthea Fund
    June 2026
    “State of the market For years we have lived in a market dominated by “the Magnificent Seven”: Google, Apple, Amazon, Facebook/Meta, Microsoft, Nvidia and Tesla. That era appears to be over. The Mag 7 have been mixed this year: Google is up 14% year to date, and Apple is up over 6%,but Facebook/Meta is down, and Microsoft has dropped nearly 20%. Leadership, however, has been ceded. Google and the others are buyers of AI equipment. The companies that have performed best are sellers of AI equipment, above all the memory (chip) companies.”
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    Nvidia
  • MentionedHosking Partners Strategy
    June 2026
    “We are experiencing one of the biggest momentum markets in the modern history of equities. AI spending beneficiaries have produced 85% of the market’s return this year. Based on analysts’ expectations, they will generate nearly half the S&P 500’s earnings growth this year, and four stocks – Nvidia, Micron, Broadcom, and Sandisk – will account for 40 percentage points of that. (1) In this environment, the strategy underperformed”
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    Nvidia
  • MentionedAristotle Value Equity Strategy
    June 2026
    “A big part of recent underperformance is underexposure to spending on the data center ecosystem:  Much of today’s AI spending is going into short-lived data center hardware (three- to five-year economic life), especially processors and memory, rather than permanent infrastructure.  In the U.S., there are roughly 4,000 existing data centers. Today, there are almost 3,000 more planned or under construction. This spending has created extreme bottlenecks, first in processing and then in memory, driving extraordinary scarcity profits.  For the first two years of this cycle, Nvidia stood directly in front of the firehose, absorbing a point-blank blast of capital that took pre-tax cash flow from $8 billion in 2023 to an estimated $250 billion in 2026.”
    62 more words on why — unlock Aristotle Value Equity Strategy’s full comment
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    Nvidia
  • MentionedHayden Capital
    June 2026
    “For example, Nvidia is undoubtedly one of the most important companies in the middle of this AI buildout boom. And yet despite expecting to grow earnings ~+89% y/y this year, its P/E multiple is below consumer staples companies barely growing above GDP2.”
    171 more words on why — unlock Hayden Capital’s full comment
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    Nvidia
  • MentionedAristotle Value Equity Wealth Management Strategy
    June 2026
    “For the first two years of this cycle, Nvidia stood directly in front of the firehose, absorbing a point-blank blast of capital that took pre-tax cash flow from $8 billion in 2023 to an estimated $250 billion in 2026.”
    Read the letter
    Nvidia
  • MentionedFoundation Resource Management, LLC Composite Equity Portfolio
    June 2026
    “Interestingly, there is exactly 1 high-end Nvidia H100 GPU (Graphics Processing Unit) operating, in space and it is not operated by SpaceX.”
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    Nvidia
  • MentionedDistillate Capital Multi-Strategy
    June 2026
    “two-thirds from NVIDIA), as gains for equipment makers came at the expense of hyperscaler cash flows.”
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    Nvidia
  • MentionedSt. James Investment Company Value Investor's
    June 2026
    “When Nvidia’s market value is more than twice that of the entire energy sector, the question of when the AI bubble will burst naturally arises.”
    46 more words on why — unlock St. James Investment Company Value Investor's’s full comment
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    Nvidia
  • MentionedGreenfield Seitz Capital Management
    June 2026
    “Magnificent 7 Underperforms We warned about the tech darlings swelling AI spending in our January letter, noting they were once asset light companies that are beginning to look more like industrials with heavy capex spending on semiconductors. The Magnificent 7 (Alphabet/Google, Amazon, Apple, Meta/Facebook, Microsoft, Nvidia, and Tesla) stocks are flat for 1H26, while the market is up 10%.”
    Read the letter
    Nvidia
  • MentionedFPA Crescent Fund
    June 2026
    “At year-end 2024 investors were generally bullish on Nvidia, ChatGPT had been introduced two years earlier.”
    82 more words on why — unlock FPA Crescent Fund’s full comment
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    Nvidia
  • MentionedHL Global Equity
    May 2026

    Named in a table in HL Global Equity’s letter.

    Read the letter
    Nvidia
  • MentionedYackman AM AMG Yacktman Fund
    March 2026
    “Samsung has achieved prominent design wins in its foundry business as well—most notably with Tesla, Inc., Qualcomm, and Nvidia.”
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    Nvidia
  • MentionedBrown Advisory Large‑Cap Sustainable Growth
    March 2026
    “Despite the broad sell-off among large-cap growth stocks during the first quarter, three portfolio holdings demonstrated double-digit price appreciation – all within the semiconductor area. Consensus spend expectations for data center infrastructure continue to expand rapidly, particularly among the hyperscalers. During the first quarter of 2026, consensus estimates for 2026 and 2027 capital expenditures among Amazon (AMZN), Microsoft (MSFT), Meta (META), Alphabet (GOOGL) and Oracle(ORCL) cumulatively increased by 25% and 23% respectively, largely to support data center demand – inclusive of chips and related equipment. Taiwan Semiconductor Manufacturing Co (TSM), one of the world’s leading contract chip manufacturers and our largest active weight in the portfolio, saw both its 2026 and 2027 consensus EPS estimates climb by 15% during the first quarter driven by favorable management guidance and fundamental strength in its business. Marvell Technology (MRVL), which designs chips focused on data infrastructure including networking, data centers and custom silicon, also experienced meaningful positive revisions to 2026 and 2027 EPS consensus estimates on the back of management’s favorable outlook. In addition, at the end of the first quarter NVIDIA (NVDA) announced a $2 billion investment in the company, along with a strategic partnership focused on AI infrastructure, validating Marvell Technology’s role in next-gen AI data centers.”
    75 more words on why — unlock Brown Advisory Large‑Cap Sustainable Growth’s full comment
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    Nvidia
  • MentionedLarge-Cap Growth
    March 2026
    “ Marvell Technology, Inc. (MRVL) traded higher during the quarter as investor confidence in AI-related infrastructure demand improved following earlier volatility. Sentiment strengthened as the market refocused on the company’s exposure to custom silicon and data center connectivity, supported by strong relationships with hyperscale customers. More recently, shares moved higher following news of an expanded partnership with NVIDIA Corporation (NVDA), including integration into its NVLink ecosystem and a strategic investment, reinforcing Marvell Technology’s role in next-generation AI infrastructure.”
    Read the letter
    Nvidia
  • MentionedTimesSquare Global Small Cap Strategy
    March 2026
    “Notably, industry leaders like NVIDIA have recently reaffirmed the ongoing necessity of enterprise software to manage AI workloads.”
    Read the letter
    Nvidia
  • MentionedRiverparks funds RiverPark funds RiverPark Large Growth Fund
    March 2026
    “We view TSMC as the global linchpin of advanced semiconductor manufacturing, uniquely positioned to benefit from the secular expansion of AI compute. Its unmatched technological leadership across 3nm and 2nm processes, trusted customer relationships with NVIDIA, Apple, and AMD, and disciplined capital allocation support durable pricing power and expanding margins.”
    Read the letter
    Nvidia
  • MentionedCrossroads Capital Investment Partners, LP
    March 2026
    “Five days before the Meta announcement, Nvidia put $2B into Nebius via pre-funded warrants at $94.94 for roughly 8.3% of the company, paired with a partnership targeting 5+ GW of Nvidia systems deployed by end-2030.”
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    Nvidia
  • MentionedNexPoint Event Driven Fund
    December 2025
    “Notable examples include Nvidia’s intent to invest up to $100 billion in OpenAI, predicated on expectations that OpenAI will power additional data centers using Nvidia chips, and Nvidia’s $6.3 billion agreement to purchase unused data center capacity from CoreWeave, a company in which Nvidia holds a 7% equity stake and to which it also supplies semiconductors.”
    20 more words on why — unlock NexPoint Event Driven Fund’s full comment
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    Nvidia
  • MentionedManole Capital Management Investor Newsletter
    September 2025
    “Many now believe artificial intelligence could deliver the first $10T company, with Nvidia already surpassing $4T in market cap.”
    Read the letter
    Nvidia

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