We added NVIDIA Corporation (NVDA, Financial) to the Fund in April 2019. And so far, it has been a tremendous addition. This California company is the market leader in providing graphic processing cards to the PC industry. The cards' ability to calculate many processes simultaneously makes them well-suited to artificial intelligence and machine learning applications. This has created a strong new leg of company growth in large data centers. Meanwhile, demand for graphics cards by consumers remains robust, and Nvidia has delivered a significant boost in performance with its latest designs. NVDA is now over a 4% position in the Fund.
From Mairs and Power (Trades, Portfolio) Growth Fund's third-quarter 2020 shareholder letter.
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