At Extreme Investor Network, we are constantly on the lookout for promising investment opportunities that can help our readers achieve their financial goals. Today, we are excited to discuss the potential upside of investing in Nvidia, a chip giant that has recently crossed a market cap of $3 trillion.
According to Adam Benjamin, a highly rated portfolio manager at Fidelity Investments, Nvidia still has plenty of room to grow, especially in the artificial intelligence sector. Benjamin points out that Nvidia has been a pioneer in AI technology for over a decade, giving the company a significant competitive advantage. This long-standing expertise has created a strong “moat” around Nvidia, making it difficult for competitors to catch up.
Nvidia’s success can also be attributed to its diverse product offerings beyond just semiconductors. Benjamin highlights that Nvidia is not just a chip company, but also a full infrastructure, compute, and services company. This diversified approach has helped Nvidia continue to thrive even as chip demand fluctuates.
As of April 30, Nvidia was the top holding in the Fidelity Select Technology Portfolio managed by Benjamin, which has consistently outperformed its category group. With Nvidia’s stock price surging over 140% in 2024 and more than 700% since the start of 2023, it’s clear that the company is on a remarkable growth trajectory.
In addition to Nvidia, Benjamin’s Fidelity fund also includes top holdings like Microsoft and Apple, indicating a well-rounded investment strategy focused on leading technology companies.
For investors looking to capitalize on the ongoing artificial intelligence boom and the transformative impact of technology, Nvidia presents a compelling opportunity. At Extreme Investor Network, we believe that staying ahead of market trends and identifying companies with strong growth potential is key to building a successful investment portfolio. Keep an eye on Nvidia as it continues to lead the way in the exciting world of AI technology.