Nvidia Corp NVDA Shares rose amid GeForce on Thursday RTX 4060 family GPUs Begin.

The megacap tech stock launched the GeForce RTX 4060 GPU family with dual graphics cards that offer all the advancements of the Nvidia Ada Lovelace architecture, starting at just $299.

The GeForce RTX 4060 family offers access to over 300 games and applications that now support DLSS, as well as highly anticipated titles The Lord of the Rings: Gollum And Diablo IV to integrate DLSS 3. A DLSS 3 plugin for Unreal Engine 5 will also be available soon.

“The RTX 4060 family offers PC gamers both great value and great performance at 1080p, whether building a gaming battlebox or an AI-powered creation station,” said Matt Wuebbling, vice president of global GeForce marketing at Nvidia.

The stock is up over 112% year-to-date as GPU orders surged on the back of that surge the ChatGPT frenzy.

Hedge funds have increased their exposure to the stock as the chipmaker continues to receive bulk orders for its AI chips and GPU order momentum picks up The gaming market.

On Thursday, Oppenheimer Analyst Patrick Scholes kept Nvidia at an outperform rating and raised the price target $300 to $350.

MetaPlatforms, Inc META emerged as another promising mega-cap tech stock up by over 94% YTD.

Meta closed critics with a Q1 lead and updates on improved Reels and AI monetization, commitment to Metaverse, and a significant completion of layoffs, followed by analysts Price target increases.

Hedge funds such as Tiger Global Management and David Teppers Appaloosa have increased exposure to this space stock this week.

Price promotions: NVDA shares were trading up 4.96% at $316.75 at last check on Thursday. META shares traded 0.11% higher at $242.73.