Nvidia’s earnings has over 500 ETFs tuned in; See the 10 that can be most affected
While traders and investors prepare for the highly anticipated earnings report from Nvidia (NASDAQ:NVDA) after the bell on Wednesday, exchange-traded funds are also in the spotlight as potential price swings in the chip giant’s stock can have a major impact on many of Wall Street’s ETFs.
Currently, there are roughly 2.3B outstanding shares of NVDA that are held by ETFs in the market across 523 funds.
Some of these ETFs have more exposure towards the Santa Clara, California headquartered firm than others.
Outlined below are the top 10 ETFs that have the greatest exposure towards Nvidia (NVDA). The list excludes single stock focused funds.
No. 10: Fidelity MSCI Information Technology Index ETF (FTEC), 16.06% allocation.
No. 9: American Century Focused Dynamic Growth ETF (FDG), 16.16% allocation.
No. 8: SoFi Select 500 ETF (SFY), 16.40% allocation.
No. 7: iShares ESG Advanced MSCI USA ETF (USXF), 16.56% allocation.
No. 6: Columbia Semiconductor and Technology ETF (SEMI), 17.80% allocation.
No. 5: Grizzle Growth ETF (DARP), 20.85% allocation.
No. 4: VanEck Semiconductor ETF (SMH), 22.10% allocation.
No. 3: AXS Esoterica NextG Economy ETF (WUGI), 24.62% allocation.
No. 2: Strive U.S. Semiconductor ETF (SHOC), 24.84% allocation.
No. 1: ProShares Ultra Semiconductors (USD), 25.40% allocation.
Year-to-date price action: NVDA +192.6%, FTEC +26.3%, FDG +42.7%, SFY +29.8%, USXF +27.9%, SEMI +10.1%, DARP +26.6%, SMH +37.7%, WUGI +44.2%, SHOC +14.4%, and USD +142.4%.