Munro Concentrated Global Growth Fund on NVIDIA Corporation
Thesis
Munro's Nvidia position, traded on Nasdaq as NVDA, is tied to its view that AI remains a structural medium-term growth driver. ([NVIDIA Investor Relations][4]) The fund cites Nvidia's earnings as evidence that demand continues to be very strong. Nvidia was also the fund's largest disclosed holding at 7.4% and a positive contributor in August, reinforcing its importance to the portfolio's AI exposure.
“Munro remains confident in AI being a structural driver over the medium term, reinforced by Nvidia’s earnings where demand continues to be very strong.”
Key risks
- Recent AI sector sell-off and short-term volatility
- Ongoing geopolitical conflict
- Interest-rate uncertainty after the Fed declined to rule out a September rate hike