How you could still make money from the new largest company in the world: Nvidia's shares have...

Since going public on the eve of the Millennium, computer chip designer Nvidia has come from nowhere to become the world’s biggest company.

Nvidia originally made computer chips for video game software, but has since expanded its horizons to dominate the AI sector So can Nvidia’s amazing run continue? Yiu, for one, is happy to keep it as his fund’s biggest single holding. Wood famously sold out of Nvidia last year, a decision that is estimated to have cost her flagship technology fund up to $800million in potential profits.

Although Nvidia shares don’t look ludicrously over-valued at the moment, they ‘can’t keep going up in a straight line for ever’, says Derren Nathan, head of equity research at investment platform Hargreaves Lansdown. As well as the Blue Whale Growth Fund, there is Polar Capital’s £580million AI fund, which has Nvidia as its biggest single holding, making up 6.3 per cent of the portfolio.

British investors can buy American stocks through an online broker, but may pay a higher trading or administration fee. UK-based shareholders of US companies must also fill in a W-8 BEN form, which allows them to pay a reduced tax rate on the investment. If CPUs are delivery vehicles dropping off one package at a time, Nvidia’s GPUs are more like a fleet of high-speed motorbikes spreading across a city. That made them the perfect processors to power the dawning AI revolution.

Initially, AI wasn’t one of them. In the early 2010s, AI was still a technology backwater where progress in areas such as speech and image recognition was slow.

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