In its third-quarter 2026 investor letter, Fred Alger Management's Alger Spectra Fund said Class A shares returned 0.29% without a sales charge, trailing the 0.45% return of the Russell 3000 Growth Index, and highlighted NVIDIA (NVDA) as a notable contributor. NVIDIA closed at $214.13 on October 23, 2026, down 4.95% over the past month but up 13.59% over the past year, with a market capitalization of $5.08 trillion and a 52-week range of $164.27 to $243.37. The fund calls NVIDIA a direct beneficiary of the AI infrastructure buildout, citing its competitive position, product roadmap and expanding market opportunity. It noted that the company reported stronger-than-expected results and a near-term outlook ahead of expectations, and that management signaled growth next year should be considerably faster than investors anticipated, with demand continuing to outpace supply.
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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