Nvidia bull run and AI wave: Indian funds profiting from its stock surge

Imagine buying a stock for $100 and a year later it’s worth $200! That’s kind of what’s been happening with Nvidia, a company that makes computer chips. Their stock price has been on a crazy ride lately, going way up in value. Nvidia’s stock has multiplied tenfold since late 2022 and almost tripled so far this year. The chipmaker became the world’s most valuable company for the first time on June 18, after its market capitalisation surpassed Microsoft and Apple briefly.