Returning to its AI throne, Nvidia stock leads this month's list of new buys by the best mutual funds, which also bet big on 12 other stocks.
The chip and software company has quietly come to dominate the market for ASIC chips that allow big buyers to cut their costs. Plus, how telecoms are using fiber to crowd out the cable companies.
The Magnificent Seven—including Apple, Microsoft, Nvidia, and Tesla—propelled so much of 2023’s stock gains. Some investors worry there’s too much concentration risk in the market.