While Nvidia Shares Are Hitting All-Time High With Over 230% Return In The Past Year, Some ETFs Linked To Jensen Huang's Chip Giant Have Surged By Almost 500%: Here's More
Portfolio Pulse from Pooja Rajkumari
Nvidia's stock has reached all-time highs with a 234.09% return over the past year, significantly boosting ETFs linked to the company. The GraniteShares 2x Long NVDA Daily ETF saw a 479.94% increase, while other ETFs like ProShares Ultra Semiconductors and Direxion Daily Semiconductor Bull 3X Shares also experienced substantial gains. Nvidia's growth is driven by strong market demand and strategic global expansion.
October 23, 2024 | 10:17 am
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POSITIVE IMPACT
Nvidia's stock has reached all-time highs with a 234.09% return over the past year, driven by strong market demand and strategic global expansion.
Nvidia's stock performance is directly linked to its market influence and strategic expansion plans, which have driven its stock to all-time highs.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The GraniteShares 2x Long NVDA Daily ETF, fully invested in Nvidia, saw a 479.94% increase, reflecting Nvidia's strong market performance.
NVDL's performance is directly tied to Nvidia's stock, which has seen significant gains, leading to a substantial increase in the ETF's value.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Strive US Semiconductor ETF, with a 26.04% Nvidia holding, increased by 51.19%, reflecting Nvidia's strong market influence.
SHOC's performance is positively impacted by its significant holding in Nvidia, which has seen substantial growth.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
VanEck Semiconductor ETF, holding 22.69% in Nvidia, rose by 76.50%, benefiting from Nvidia's market performance.
SMH's performance is positively impacted by its significant holding in Nvidia, which has seen substantial growth.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Direxion Daily Semiconductor Bull 3X Shares, with an 8.15% holding in Nvidia, surged by 111.65%, driven by Nvidia's growth.
SOXL's performance is positively impacted by its holding in Nvidia, which has seen significant growth.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
iShares Semiconductor ETF, holding 9.69% in Nvidia, rose by 50.49%, benefiting from Nvidia's market performance.
SOXX's increase is linked to its investment in Nvidia, which has experienced significant stock growth.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ProShares Ultra Semiconductors, with a 53.92% stake in Nvidia, climbed by 290.18%, benefiting from Nvidia's market success.
USD's significant stake in Nvidia has led to a substantial increase in its value, reflecting Nvidia's strong market performance.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Simplify Volt RoboCar Disruption, with 22.83% invested in Nvidia, gained 34.66%, benefiting from Nvidia's market success.
VCAR's increase is linked to its investment in Nvidia, which has experienced significant stock growth.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50