Nvidia, the leader in chipmaking, has soared past the $1,000 per share milestone on May 23, shattering market expectations for its first-quarter results. This achievement heralds Nvidia's financial prowess and also promises substantial gains for Indian mutual funds with investments in the chip giant.

Indian mutual funds are poised to reap substantial rewards as Nvidia's stocks continue to climb. With most major Asset Management Companies (AMCs) having exposure to Nvidia, the Indian investment landscape stands to benefit immensely. Notable players such as Motilal Oswal, Mirae, Franklin Mutual Fund, and Kotak Mutual Fund have significant stakes in Nvidia, with exposures ranging from around Rs 188 crore to Rs 463 crore.Surat Stock

While many AMCs have indirect exposure to Nvidia, Axis Mutual Fund stands out as the lone pioneer with direct investments. Through its Axis Special Situations Fund and Axis Growth Opportunities Fund, Axis MF has secured a noteworthy stake in Nvidia. Reports indicate that the overall exposure in these two schemes to Nvidia stands at nearly 1% each, as per Moneycontrol.

Nvidia's first-quarter results for April 2024 have left investors worldwide awestruckSurat Wealth Management. With a revenue of $26 billion, representing an 18% increase from the previous quarter and a 262% surge from the same period last year, Nvidia has solidified its position as an industry leader. Furthermore, the company's decision to implement a 10-for-1 stock split and a 150% rise in its quarterly dividend to 10 cents per share has only fueled investor enthusiasm.

Nvidia's ascent to the $2 trillion market capitalization club in February 2024 marked a historic milestone, propelling the chipmaker into the upper echelons of global corporate giants. As of May 2024, Nvidia's market cap stands at an impressive $2.34 trillion, firmly establishing its dominance alongside industry titans like Microsoft, Apple, and Saudi Aramco.

Jensen Huang, the founder and CEO of Nvidia, has outlined an ambitious vision for the company's future. Emphasizing the advent of the next industrial revolution, Huang highlighted Nvidia's pivotal role in transforming traditional data centres into accelerated computing hubs. By spearheading the development of AI factories, Nvidia aims to revolutionize industries worldwide, driving significant productivity gains and unlocking new revenue opportunities.

Fund of Funds (FoFs) and exchange-traded funds (ETFs) offer indirect exposure to Nvidia's stock, providing a diversified investment approach. For those seeking direct investment opportunities, platforms like Groww and Angel One facilitate seamless transactions. Alternatively, opening accounts with international brokerages enables investors to access Nvidia's potential on a global scale.

Indian mutual funds and investors stand poised to profit from Nvidia's meteoric rise, leveraging its formidable financial performance and visionary leadership to navigate the ever-evolving landscape of tech investmentJaipur Stock. Indian investors can look forward to a future filled with unprecedented opportunities for growth.