Tech ETFs Surge with Nvidia Gains

Tech ETFs Surge with Nvidia Gains

Nvidia's ($NVDA@US) shares have seen the most significant rally among US-listed companies, with a market cap of over $500B so far in 2023, which has resulted in gains in ETFs related to the semiconductor company. The chipmaker's stocks have increased by over 80 in Q1, while the top five ETFs with the most significant exposure to the company have all risen by at least 15. A total of 388 ETFs own Nvidia, with 111 actively managed and another 43 with an ESG focus. ProShares Ultra Semiconductors (NYSEARCA:USD) is the top ETF, with Nvidia holdings at 20.33 percent, and VanEck Semiconductor ETF (NASDAQ:SMH) comes in second at 13.59 percent.


User: Benzinga

Views: 14

Uploaded: 2023-03-30

Duration: 00:39

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