Wedgewood Partners fund posted a return of 0.39% in the third quarter of 2019, underperforming the S&P 500 Index which returned 1.87% in the same quarter. This suggests that the investment firm was right in its decision. The stock has posted a return of 148.2% in the trailing one year period, outperforming the S&P 500 Index which returned 14.4% in the same period.

The investment firm bought Nvidia Corp (NASDAQ: NVDA) stock in Q3 2019. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.In October 2019, Wedgewood Partners had released its Q3 2019 investor letter. It has a strategic collaboration with Kroger Co. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing Mellanox networking and interconnect solutions automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions cryptocurrency mining processors Jetson for robotics and other embedded platforms and NVIDIA AI Enterprise and other software. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms Quadro/NVIDIA RTX GPUs for enterprise workstation graphics vGPU software for cloud-based visual and virtual computing automotive platforms for infotainment systems and Omniverse software for building 3D designs and virtual worlds.

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.

Nvda stock prediction 2019