Nvidia Now Tops Tesla as ESG Funds Ratchet Up Exposure to AI
- Demand for Nvidia outdistances Vestas Wind Systems, Tesla
- ‘AI revolution’ pushes Nvidia’s stock price to record high
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Nvidia Corp.’s stratospheric ascent has lured at least 100 more ESG funds in recent weeks, transforming the company into one of the most popular stocks among asset managers who integrate environmental, social and governance metrics into their investment strategies.
There are now over 1,400 ESG funds directly holding Nvidia, according to data compiled by Bloomberg based on the latest filings. A further 500 are indirectly exposed, the data show. Nvidia shares hit a record high this week, bringing gains so far in 2023 to about 200%.