Nvidia now tops Tesla as ESG funds ratchet up exposure to AI

Company now more popular among investors than traditional green powerhouses such as Vestas Wind Systems A/S and Tesla

Nvidia: Tech firm has been referred to as Nvidia an “ESG darling" due to its risk management approach to the market. Picture: Getty

Nvidia’s stratospheric ascent has lured at least 100 more ESG funds in recent weeks, transforming the company into one of the most popular stocks among asset managers who integrate environmental, social and governance metrics into their investment strategies.

There are now over 1,400 ESG funds directly holding Nvidia, according to data compiled by Bloomberg based on the latest filings. A further 500 are indirectly exposed, the data show. Nvidia shares hit a record high this ...