Nvidia (NVDA) Hit an All Time High in Q2

Impax Asset Management, an investment management company, released its “Impax US Sustainable Economy Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. In 2025’s second quarter, tariffs triggered market declines and recession fears, but a pause in tariffs sparked a historic rally as earnings remained resilient. In the second quarter of 2025, the fund underperformed the Russell 1000 benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Impax US Sustainable Economy Fund highlighted stocks such as NVIDIA Corporation (NASDAQ: NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics and compute, and networking solutions. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 9.44%, and its shares gained 80.22% of their value over the last 52 weeks. On August 5, 2025, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $178.26 per share, with a market capitalization of $4.347 trillion.

Impax US Sustainable Economy Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) (Information Technology, Semiconductors) has one of the highest Corporate Resilience scores in the US universe and is playing a critical role in the AI economy by providing material energy and resource efficiency. The stock hit an all-time high in the quarter despite facing sales restrictions in China. The company reported strong year-over-year growth driven by high chip demand. Nvidia’s growth in AI infrastructure remains robust, with new opportunities in robotics and a strong ecosystem. Revenue is expected to remain solid due to ongoing supply constraints in graphics processing units (GPUs) and their increasing adoption by ‘hyperscale’ cloud service providers.”

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

NVIDIA Corporation (NASDAQ:NVDA) is in 5th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 212 hedge fund portfolios held NVIDIA Corporation (NASDAQ:NVDA) at the end of the first quarter, which was 223 in the previous quarter. NVIDIA Corporation (NASDAQ:NVDA) reported another record quarter in the fiscal first quarter of 2026 with $44 billion in revenues, representing a 69% year-over-year increase. While we acknowledge the risk and potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVIDIA Corporation (NASDAQ:NVDA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered NVIDIA Corporation (NASDAQ:NVDA) and shared Baron Global Advantage Fund’s views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.