"Nvidia's Valuation and Stock Split: What Investors Should Consider"
TL;DR
Investment management firm Jackson Peak Capital had a successful Q4 2023 with a net return of +9.9% and featured NVIDIA Corporation (NASDAQ:NVDA) in its investor letter, expressing confidence in the data center infrastructure buildout and AI chips arms race. NVIDIA Corporation (NASDAQ:NVDA) closed at $787.01 per share on February 27, 2024, with a one-month return of 25.37% and a market capitalization of $1.968 trillion. Despite some skepticism in the market, Jackson Peak Capital remains bullish on NVIDIA Corporation (NASDAQ:NVDA) and continues to see value in AI semiconductor companies, although the stock was held by fewer hedge fund portfolios at the end of Q4 2023.
Topics:businessfinance#finance#hedge-funds#investment-management#nvidia-corporation#semiconductor#stock-market
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