Posted 2/28/2024, 7:27:00 AM
Jackson Peak Rides AI Chip Stocks to +9.9% Return in Q4, Remains Bullish on Nvidia Despite Crowding
- Jackson Peak Capital posted +9.9% net return in Q4 2023, riding broad market rebound in Nov & Dec
- Remains bullish on data center & AI chip stocks like Nvidia (NVDA) despite some skepticism
- Thinks 2023 was start of a multi-year platform shift benefiting AI value chain
- NVDA is a current long position for them, though they modulate position sizes due to crowded positioning
- NVDA stock gained 25% in past month and 239% over last 52 weeks, now has $1.968 trillion market cap