Published on 20 Sep 2023 on Insider Monkey via Yahoo Finance
Here’s Why NVIDIA Corporation’s (NVDA) Revenue Grew at an Unprecedented Scale
Investment management company Ave Maria recently released its “Ave Maria Growth Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. The total return of the fund in the second quarter was 8.55% compared to an 8.74% return for the S&P 500 Index. Year-to-date the fund returned 18.64% compared to 16.89% return for the benchmark. You can check the top 5 holdings of the fund to know its best picks in 2023.
Ave Maria Growth Fund highlighted stocks like NVIDIA Corporation (NASDAQ:NVDA) in the second quarter 2023 investor letter. Headquartered in Santa Clara, California, NVIDIA Corporation (NASDAQ:NVDA) provides computer graphics processors, chipsets, and related multimedia software. On September 19, 2023, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $435.20 per share. One-month return of NVIDIA Corporation (NASDAQ:NVDA) was -7.63%, and its shares gained 228.18% of their value over the last 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $1.075 trillion.
Ave Maria Growth Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2023 investor letter: