Is the Real Fight in AI Between Broadcom and Nvidia (NVDA)?

1 day ago 3

Soumya Eswaran

Tue, December 16, 2025 astatine 8:42 AM CST 3 min read

Brasada Capital Management, an concern absorption company, released its Q3 2025 capitalist letter. A transcript of the missive tin be downloaded here. In the letter, the steadfast noted that the marketplace entered the 4th fourth with equities adjacent all-time highs and monetary argumentation easing. The steadfast besides believes that this momentum could persist adjacent though determination are indications that a superior expenditure bubble exists. Further, the steadfast continues to put selectively successful companies with coagulated moats and currency flows, portion steering wide of balance-sheet risks. In addition, you tin cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Brasada Capital Management highlighted stocks specified arsenic NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics, compute, and networking solutions. The one-month instrumentality for NVIDIA Corporation (NASDAQ:NVDA) was -3.29%, and its shares gained 32.59% implicit the past 52 weeks. On December 15, 2025, NVIDIA Corporation (NASDAQ:NVDA) banal closed astatine $175.76 per share, with a marketplace capitalization of $4.279 trillion.

Brasada Capital Management stated the pursuing regarding NVIDIA Corporation (NASDAQ:NVDA) successful its 3rd 4th 2025 capitalist letter:

"To recognize OpenAI's existent position, the champion humanities analogy is not a caller mobile level similar iOS, but alternatively Microsoft Windows successful the PC era. Just arsenic Microsoft leveraged DOS, and the applications built for it to go the default operating strategy for the endeavor and past consumers, OpenAI has leveraged ChatGPT to aggregate hundreds of millions of users. This monolithic idiosyncratic basal is the eventual root of power, allowing OpenAI to exert gravitational propulsion connected the full AI worth chain, from the chipmakers up to the unreality providers. This leverage is present being utilized to orchestrate the buildout of the AI ecosystem connected OpenAI's terms. Consider the spot layer.