Reuters: NEW YORK According to regulatory filings on Friday, the Australian investment group GQG Partners increased its holdings in Nvidia Corp (NVDA.O) during the second quarter, finishing June with $5.9 billion invested in the chipmaker.

In response to the excitement surrounding developments in artificial intelligence, Nvidia shares have increased by over 180% year to date and have attained a market capitalization of $1 trillion.

Rajiv Jain, the company’s chief investment officer, told Reuters at the beginning of June that he had been materially boosting the company’s holdings in Nvidia because he thought the stock still had opportunity to rise.

At the end of June, GQG owned 13.9 million shares in Nvidia, which is 5.7 million more than it had on March 31.

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