NVIDIA's (NVDA) Low Allocation Hinders Active Funds from Outperforming

Active funds in the United States have struggled to outperform the broader market, with NVIDIA (NVDA, Financial) identified as a significant factor. Despite being the most-held semiconductor stock by active funds, with a holding rate of about 70%, NVIDIA's relative weighting is deemed "low." This underweighting is a pivotal reason for the funds' underperformance against the market this year.NVIDIA's shares surged recently, hitting an intraday high of $124.26 and closing at $122.8, marking a 3.32% gain. Some ...