This year, usa actively managed funds are still unable to outperform the index, simply because of underweighting Nvidia.
In 2024, it is not certain industries or even large cap stocks that dragged down actively managed funds from outperforming the market, the main culprit is only one: nvidia. Despite nvidia being the most held semiconductor stock in actively managed funds, with a holding rate of around 70%, its relative weight is still relatively 'low'.
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OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: 'Provides Flexibility To Seize Future Growth Opportunities'
Just finished financing, OpenAI has received a credit line of $4 billion, with liquid assets exceeding $10 billion
OpenAI stated that the company plans to use this funding to invest in research and products, expand infrastructure, and attract talent.
Silicon Valley giants are showing their magic in using electricity for AI: Microsoft plans to restart abandoned nuclear power plants, while Google is also eyeing nuclear energy.
Last month, microsoft reached a 20-year agreement to purchase nuclear power, restarting the Three Mile Island nuclear power plant in the usa, which had experienced a severe nuclear accident before. Google's CEO stated this Thursday that Google is considering additional investments in solar energy and evaluating technologies such as small modular nuclear reactors.
Internal staff at Nvidia cashed out over $1.8 billion in stocks this year, with more shareholding reductions on the way.
Although nvidia CEO Huang Renxun's 6 million shares have been sold, other insiders are still selling, for example, nvidia director Mark Stevens has already sold 1.6 million shares of stocks this year, and disclosed a plan to sell an additional 3 million shares.
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The size of the USA money market fund has reached a record $6.46 trillion; Biden's vague stance has sparked an energy storm, causing international oil prices to soar by over 5%; just after raising funds, OpenAI secured a $4 billion credit line, with liquid assets exceeding over $10 billion.
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Nvidia chips are extremely popular, Huang Renxun revealed that the demand for Blackwell is "too crazy".
①Huang Renxun's latest statement, the external demand for the company's next-generation ai chip Blackwell is "too crazy"; ②Huang Renxun said, nvidia plans to update its AI platform annually to improve performance by two to three times.
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