In the field of artificial intelligence, if you want to say which giant is the most eye-catching at the moment, it must be NVIDIA on the other side of the ocean!
In the US stock market, it soared 24.37% in a single day and 44.55% in the past month... Now it has become the first chip company in history with a market capitalization of more than $1 trillion.
In the A-share market, "NVIDIA concept stocks" are out of the market. Shareholders are actively looking for listed companies that have direct supply or cooperative relations with NVIDIA, or have potential in the domestic AI industry chain.
So hot, how can the people lay it out? In this issue, the hardcore base selection came to pick up the heavy position of NVIDIA's QDII fund.
First, NVIDIA's stock price staged a realistic version of "crazy"
With the launch of ChatGPT by OpenAI, enterprises around the world are taking AI on the rise.
Whether it is training large models or creating text, images, videos and other content based on large models, it is inseparable from the support of computing power.
As a result, NVIDIA high-end GPUs such as H100 and A100 have become sought-after goods.
To what extent is this? According to reports, some server manufacturers and their direct customers said that they need to wait more than 6 months to get the latest GPU from NVIDIA.
NVIDIA has also become a sweet potato for the capital market. Wind data shows that NVIDIA's share price has risen by 174.52% year-to-date (as of the close of U.S. stocks on May 30).
Especially recently, the unexpected first-quarter earnings data has directly become a stock price "catalyst".
It rose 24.37% on May 25; up 2.54% on May 26; It rose another 2.99% on May 30.
Three consecutive days of gains also put Nvidia in the trillion-dollar club for a time, closing at $401.11 as of the close of U.S. stocks on May 30.
(Source/Wind)
And this is actually a microcosm of this round of AI wave being sought after by capital.
Data show that as of May 30, the stock prices of Apple, Microsoft, Amazon and other giants have risen by more than 35% during the year.
It can be seen that the current stage of the US stock market is actually a "collective carnival" of technology stocks led by NVIDIA.
Second, what are the funds of NVIDIA with heavy positions?
For the people, if you want to get on a U.S. stock like NVIDIA, the most convenient way is to deploy through QDII funds.
Based on this, on the basis of Wind's QDII classification data, the hardcore base selection data used the latest quarterly report data to screen out the top ten heavy stocks with NVIDIA funds, a total of 76 (different shares are calculated separately, the same below).
(Performance of some heavy positions in NVIDIA QDII funds, source/Wind)
Of these funds, 21 have returned more than 30% so far this year (as of May 29).
In first place is GF Global Select RMB (34.94%), established on August 18, 2010, with a latest scale of 2.560 billion yuan (2023-03-31).
This is a common equity QDII, and as of the end of the first quarter, the fund's top three heavy holdings were Microsoft, NVIDIA and Chaowei Semiconductor.
(Source/Wind)
Fund manager Li Yaozhu said in the first quarterly report that the fund will continue to take artificial intelligence as a key investment direction in the first quarter, focusing on the allocation of computing power chips, cloud computing, vertical software applications, network security and other directions, and will look for more investment opportunities in the field of artificial intelligence empowerment in the future.
The revenue was followed by Huaxia Global Technology Pioneer (34.78%), which was established on April 17, 2018, with a latest size of 86 million yuan (2023-03-31).
This is also a partial hybrid QDII. In the first quarter, the product held a heavy position in many U.S. technology stocks such as NVIDIA, Microsoft, Apple, and Chaowei Semiconductor.
(Source/Wind)
Fund manager Li Xiangjie said in a quarterly report that the outlook for U.S. technology stocks is more optimistic. The Fed may stop raising interest rates in 2023, and technology valuations will be repaired. AI represented by ChatGPT will bring revolutionary changes to various industries in the future.
In third place is S&P IT LOF (33.64%), established on December 13, 2016, with a latest size of 595 million yuan (2023-03-31).
This is an exponential QDII that tracks the S&P 500 Information Technology Index.
The index selects companies in the IT sector of the S&P 500 to comprehensively reflect the overall performance of the IT sector in the U.S. stock market.
(Source/Wind)
It is worth mentioning that many of the index-based QDIIs of NVIDIA in the market track the Nasdaq 100 index.
As the main index of the NASDAQ, the NASDAQ 100 index is the representative of the US technology stock index.
As of the first quarter of this year, in addition to NVIDIA, its top ten weighted stocks include technology giants such as Apple, Microsoft, and Amazon.
Together, they drove the Nasdaq 100's year-long rally. Data show that so far this year (as of the close of US stocks on May 30), its rise has reached 31.22%.
The corresponding funds of this type have performed well. Based on Wind's QDII classification data, there are 37 products with a tracking index of "Nasdaq 100", with an average increase of 27.48% since the beginning of the year (as of May 29).
(Partially tracks the performance of the Nasdaq 100's QDII fund, source/Wind)
3. Can I still get on the bus?
Entering 2023, the market is constantly volatile, and the overall earning effect of the fund is still not good.
Seeing the performance of the above fund, many small partners may be a little moved.
So how long can this AI boom last? About this piece, it is currently controversial in the market.
Some voices believe that US technology stocks, including Nvidia, have reached a relatively high level and are in the "early stage of bubble".
Some studies also suggest that with the further influx of retail investors, there is more room for technology stocks to rise.
In this regard, Bosera fund manager Wan Qiong suggested that American technology companies lead the development of global technology, and the US stock technology sector still has good long-term investment value, and investors can consider long-term allocation of some positions. However, there are also risks that need to be paid attention to in the current US stocks, including the direction of monetary policy and the follow-up of the banking crisis.
In fact, in terms of theme, although the technology sector has the logic of long-term investment, it also has the characteristics of large fluctuations and rapid changes.
For example, the three funds mentioned above, GF Global Select RMB, Huaxia Global Technology Pioneer, and S&P Information Technology LOF that performed the top performers during the year, their performance in 2022 is: -38.48%, -38.17%, and -21.47% respectively.
This is actually related to the general environment, this year, the Nasdaq 100 index fell 32.97%.
Therefore, when choosing such a fund, we must not only see how high its return is, but also pay attention to whether its maximum drawdown is acceptable to itself.
At the same time, from the characteristics of the QDII fund itself, its redemption cycle is longer, the transaction fee is higher, and it will also face risks such as exchange rate risk and overseas market, so small partners without strong risk tolerance and judgment may not be suitable for participation.
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