ArrowMark Partners, managing Meridian Funds, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter, indicating rising risk assets and low market volatility. The fund appreciated 5.46% net, trailing the S&P 500 Index's 10.56% return. NVIDIA Corporation (NASDAQ:NVDA) was highlighted, with a 14.39% one-month return and a 209.64% increase over 52 weeks. Its strong performance is attributed to AI demand and gaming market recovery. The company is expected to maintain dominance in AI accelerators and data centers, with potential growth in gaming and new markets like automotive and robotics. NVIDIA was ranked 5th in holdings among hedge funds, reporting record Q1 revenues of $26 billion. Meridian's continued investment in NVIDIA reflects confidence in its future prospects. Stay updated with hedge fund investor letters for more insights and trends in the market.