Cathie Wood’s Ark Invest added to its Nvidia (NASDAQ: NVDA) position on Monday for the first time in nearly two weeks, purchasing shares across all five of its largest ETFs. This move coincides with Nvidia’s announcement of a new Vera CPU targeting high-performance computing for Microsoft PCs, a strategic shift that could unlock significant revenue potential. Following this news, Nvidia’s stock surged 6% on the same day.
In its latest fiscal quarter, Nvidia reported an 85% revenue increase, with adjusted profits more than doubling, yielding a net margin of 55.7%. Despite the broader challenges posed by trade restrictions and supply issues, Nvidia remains a dominant player in its market, trading at just 18 times next fiscal year’s earnings—indicative of a relative discount compared to similar stocks capitalizing on the ongoing AI surge.
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