ETFs
Nvidia at $3 Trillion: The ETFs with the Heaviest Weightings at the Hot AI Chipmaker (NASDAQ: NVDA)
June 05, 2024, 4:30 p.m. ETNVIDIA Corporation (NVDA) StockAAPL, SMH, IYW, MSFT, USD, LRNZ, WUGI, SOXQ, VCAR, SHOCK, DARP, FFOGBy: Carla MozéeSA news editor
Justin Sullivan
The landmark decision of Nvidia (NASDAQ:NVDA) surpassing the $3 trillion market cap on Wednesday helped drive up exchange-traded funds with the largest weightings of the AI chipmaker’s shares.
NVIDIA (NVDA) is the third company to hits the $3 trillion valuation markjoining Apple (AAPL) and Microsoft (MSFT) to achieve such elite market status.
The 10 ETFs with the largest Nvidia (NVDA) weightings increased on Wednesday. Here are these ETFs and their NVDA weightings as of June 5, excluding single-stock leveraged and inverse ETFs:
- ProShares Ultra Semiconductors ETF (USD) Weight: 33.96%
- Strive US Semiconductor ETF (SHOCK) Weight: 31.77%
- AXS Esoterica NextG Economy ETF (WUGI) Weight: 25.57%
- VanEck Semiconductor ETF (SMH) Weight: 24.55%
- Grizzle Growth ETF (DARP) Weight: 23.70%
- Simplify the Volt TSLA Revolution ETF (VCAR) Weight: 23.07%
- TrueShares technology, AI and deep learning (LRNZ) Weight: 17.50%
- Franklin Focused Growth ETF (FFOG) Weight: 17.46%
- Invesco PHLX Semiconductor ETF (SOXQ) Weight: 16.28%
- iShares US Technology ETF (IYW) Weight: 15.76%
