By Lee Ying Shan
Publication Date: 2025-11-18 05:59:00
For Jensen Huang, the CEO of Nvidia, and his management team, “it’s about winning in the trenches,” according to Mark Urquhart, a partner at investment management firm Baillie Gifford. Urquhart, who has tracked the chip market for nearly 30 years, leads the firm’s Long Term Global Growth team, which typically holds companies for exceptionally long periods, averaging 8 to 10 years. He spoke to CNBC’s “Squawk Box Asia” about his roster of high-conviction holdings, which span Nvidia, TSMC, and luxury brands such as Moncler. Staying with Nvidia Nvidia remains one of Baillie Gifford’s highest-conviction holdings, despite the recent tech selloff. The firm has owned the stock for almost a decade, Urquhart said, long before AI became the world’s dominant investment theme. “We’ve always liked the management team there. Think Jensen [Huang, CEO of Nvidia] is… a really special individual and entrepreneur.” While investors will be closely watching Nvidia’s third-quarter earnings on Wednesday , Urquhart said the company is focused far beyond the next earnings print. “They won’t be thinking about this quarter. They’ll be thinking about 2030 and 2035, because that’s how they’re wired.” “This is a company that has now, in the last three years, doubled revenues every year, which is pretty much unprecedented at the scale they’re at,” he added. “Nvidia is the Hermes of this market, you know, they are, they are the best there will be.” However, when it comes to competition,…
