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India Cashes in on Nvidia's Rally | Firstpost Tech and Trade | Subscribe to Firstpost

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How Nvidia's Bull Run is Helping Indians Make Money | Firstpost Tech and Trade

Artificial intelligence has taken centre stage in the stock market, and chipmaker Nvidia has emerged as a dominant force in this sector. The American chipmaker's stock has surged nearly 500% this year, driving substantial gains for investors. India is also benefiting from this rally. Indians have invested in Nvidia through both direct purchases and mutual funds. Data shows that significant Nvidia shares are owned by around 15 Indian mutual fund schemes. According to Fisdom Research's data, these mutual funds have invested Rs 1,951 crore in Nvidia as of April 2024. Meanwhile, analysts say Indian AI firms have also seen a notable surge since Nvidia's rally began this year. Meanwhile, the American chipmaker has partnered with multiple Indian firms, promising to build AI infrastructure in the country.

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