Here's how much Nvidia matters to major ETFs
$NVIDIA(NVDA.US$'s earnings report this afternoon is expected to be a key driver of investor sentiment in the days ahead, but it could have a more direct and immediate effect for those who own passive funds.
Nvidia's rapid rise over the past year has driven its market cap above $1.6 trillion and made it a large component of many exchange-traded funds that track indexes. That means that the direction of Nvidia's stock after the earnings report will have a sizable effect on how those funds trade on Thursday.
Here is the weight of Nvidia in a handful of the most popular index and sector ETFs, according to fund websites.
Invesco QQQ Trust ( $Invesco QQQ Trust(QQQ.US$ ) – 5.1%
SPDR S&P 500 ETF Trust ( $SPDR S&P 500 ETF(SPY.US$ ) – 4.1%
Technology Select Sector SPDR Fund ( $The Technology Select Sector SPDR® Fund(XLK.US$ ) – 6.1%
Vanguard Information Technology ETF ( $Vanguard Information Technology ETF(VGT.US$ ) – 5.1%
VanEck Semiconductor ETF ( $VanEck Semiconductor ETF(SMH.US$ ) – 24.2%
iShares Semiconductor ETF ( $iShares Semiconductor ETF(SOXX.US$ ) – 9.9%
Nvidia's rapid rise over the past year has driven its market cap above $1.6 trillion and made it a large component of many exchange-traded funds that track indexes. That means that the direction of Nvidia's stock after the earnings report will have a sizable effect on how those funds trade on Thursday.
Here is the weight of Nvidia in a handful of the most popular index and sector ETFs, according to fund websites.
Invesco QQQ Trust ( $Invesco QQQ Trust(QQQ.US$ ) – 5.1%
SPDR S&P 500 ETF Trust ( $SPDR S&P 500 ETF(SPY.US$ ) – 4.1%
Technology Select Sector SPDR Fund ( $The Technology Select Sector SPDR® Fund(XLK.US$ ) – 6.1%
Vanguard Information Technology ETF ( $Vanguard Information Technology ETF(VGT.US$ ) – 5.1%
VanEck Semiconductor ETF ( $VanEck Semiconductor ETF(SMH.US$ ) – 24.2%
iShares Semiconductor ETF ( $iShares Semiconductor ETF(SOXX.US$ ) – 9.9%
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