L1 Capital has been watching from the sidelines for years as chip giant Nvidia generated a windfall for rival money managers. The artificial intelligence darling frequently appeared on L1’s list of potential investments, but was never officially added to its international fund – until now.
David Steinthal, portfolio manager and chief investment officer of L1 Capital International, pounced on a slight pullback in Nvidia shares last month, brushing off concerns about the stock’s near-record valuation and a bubble forming in the US technology sector. The stock has surged 1240 per cent over the past five years.
Source: https://www.afr.com/markets/equity-markets/this-l1-fund-just-invested-in-nvidia-for-the-first-time-here-s-why-20251024-p5n4yk