According to the Zhongtong Finance APP, driven by the AI boom, Nvidia (NVDA.US) has risen more than 213% so far this year, far outperforming the S&amp;P 500's nearly 14% increase, and also overshadowing other tech giants such as Tesla (TSLA.US), Microsoft (MSFT.US), Apple (AAPL.US), and Google (GOOGL.US).However, some investors believe that Nvidia's current stock price is too expensive, and the market hype around AI has gone too far, so there is limited upside potential for Nvidia in the future. Adam Gold, a fund manager who has beaten all his peers this year, does not agree with this view. He believes that Nvidia's stock will bring more returns in the future. He optimistically predicts that Nvidia will make further progress in 2024, as the demand for Nvidia's AI chips exceeds supply and new chip architectures are on the horizon.Data shows that the Deep Growth Plus fund managed by Adam Gold has achieved a return of over 100% this year, outperforming all individually managed accounts in North America. Adam Gold, who has held Nvidia stocks since 2016, bought more Nvidia stocks in December last year, making it the largest holding in the fund.In the AI investment frenzy sparked by ChatGPT, Nvidia's stock performance in 2023 has been exceptionally outstanding, allowing the fund managed by Adam Gold to reap substantial profits. The fund has outperformed the global growth stock benchmark index over the past five years.The nature of individually managed accounts means that Adam Gold can be more flexible during market volatility, rather than concentrating investments like hedge funds or mutual funds. He said, &#34;We can buy during market downturns, while typical highly leveraged hedge funds tend to sell at the wrong time.&#34;Specifically, Adam Gold's strategy is to hold a few of the best-performing companies, rather than being tied to a benchmark index. He sees market fluctuations as opportunities to buy companies with strong fundamentals. He advises, &#34;Just focus on holding the best-performing companies, with a market capitalization larger than any benchmark index.&#34;It is worth mentioning that not all of Adam Gold's bets have paid off. Rivian (RIVN.US) has consistently been the worst-performing company in his portfolio, as inflation, labor, and supply chain issues have affected the performance of this electric vehicle manufacturer. He is currently shorting some non-essential consumer goods companies, including Macy's (M.US). He believes that mall-based retailers will face challenges, especially those that sell brands they do not own, as they lack a connection with consumers.<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20231107/1699362977554157.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="51.jpg" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20231107/1699362977554157.jpg"/>

NVDA

Fund manager Adam Gold believes that Nvidia's stock will continue to generate more returns in the future. He is optimistic that Nvidia will make further progress in 2024, as demand exceeds supply and new chip architectures are on the horizon.

The fund manager who made a big profit from holding Nvidia still remains optimistic: there is still room for growth in the future.