Burke Wealth Management, an investment management company, released its “Focused Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter was marked by significant volatility. Against this backdrop, the strategy returned +15.9% in the quarter compared to +10.9% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second-quarter 2025 investor letter, Burke Wealth Management highlighted stocks such as NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics and compute, and networking solutions. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 0.70%, and its shares gained 40.75% of their value over the last 52 weeks. On August 22, 2025, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $177.99 per share, with a market capitalization of $4.341 trillion.
Burke Wealth Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA): Shares of Nvidia were up 46% during the second quarter. Obviously, that is an outstanding result but in no way does it fully reflect the fundamental roller coaster ride the company was on during Q2. For the first time since the AI revolution began, Nvidia faced a threat to its dominant position. Frustratingly, this threat was not from a company with a competing technology but instead came from the United States government. A lot of attention has been given to the actions taken by the Biden administration during President Biden’s final days in office. While most of the scrutiny has focused on the wave of last minute pardons that were granted, the executive order on AI diffusion that was issued a week before the end of his term was what demanded our attention. This 200 page regulatory disaster would have placed restrictions on access to Nvidia chips to all but 18 countries in the world, with several NATO allies and the entirety of the Middle East among the impacted. If Xi Jinping and the CEO of Huawei had locked themselves in a room and tried to craft a piece of regulation that would guarantee Chinese dominance in AI for a generation they would have been hard pressed to come up with something better than the AI diffusion rules. If implemented, the AI diffusion rules would have resulted in the world building its AI infrastructure on the Huawei platform which China would have been more than happy to make readily available to any interested nation, rather than on Nvidia’s platform.
