Nvidia Captures 8.9% of Light Street Portfolio; Q1 Data Center Revenue $81.6B
NVDA•Light Street Capital’s Glen Kacher holds 8.9% of his portfolio in Nvidia, part of his 40% allocation to four AI-focused chipmakers. Nvidia posted Q1 FY2027 data center revenue of $81.6 billion and sees emerging Physical AI applications as its next major growth driver.
1. Light Street Capital Allocation
Glen Kacher delivered returns of 45.7% in 2023 and 59.4% in 2024 and has concentrated 40% of his portfolio in semiconductor stocks, allocating 8.9% to Nvidia alongside TSMC, Broadcom and AMD.
2. Strong Q1 FY2027 Data Center Revenue
Nvidia reported data center revenue of $81.6 billion in Q1 FY2027, driven by robust demand for AI infrastructure and expanding enterprise and cloud deployments.
3. Emerging Physical AI Catalysts
Nvidia sees Physical AI—encompassing robotics, autonomous vehicles and real-world AI applications—as an underappreciated growth driver poised to extend upside beyond its current data center momentum.
