Alternative Investments/AI: AI Becomes NVIDIA’s Largest Business; ETFs Holding NVDA

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NVIDIA could be the stock to hold through the next decade.

Three very significant events took place in 2020. First, the aggregate market cap of the computer chip industry overtook that of the oil industry. The top 30 semi-conductor companies are together valued at $2.5 trillion, while the 30 biggest oil firms are $1.7 trillion. Second, NVIDIA (NASDAQ: NVDA) knocked Intel (NASDAQ: INTC) off its pedestal as America’s biggest chipmaker. Third, AI vaulted to become the biggest business at NVIDIA. (NASDAQ)

Implications

Taken together, the three events send a powerful message. Semiconductors (chips) are the new lifeblood and most important resource for the world economy. Modern life is hopelessly dependent upon chips – the internet, smartphones, cars, planes, laptops, massive data centers, you name it.

Secondly, there’s a new gorilla in the digital room: AI.

AI is driving autonomous vehicles, computer vision, space tourism, drug research including vaccines, agriculture, weather research, and so much more.

And NVIDIA is the go-to company for cutting-edge AI chips.

The tech giant, therefore, embodies both the rosy prospects of the semiconductor industry, as well as its industry leadership in AI.

ETFs holding NVIDIA

Here are 10 ETFs that hold NVIDIA in their portfolio:

 

Ticker Fund Name Segment NVIDIA Allocation
USD ProShares Ultra Semiconductors Leveraged Equity: U.S. Semiconductors 11.80%
BIBL Inspire 100 ETF Equity: U.S. – Large Cap 7.92%
BOTZ Global X Robotics & Artificial Intelligence ETF Equity: Global Robotics & AI 7.81%
ESPO VanEck Vectors Video Gaming and eSports ETF Equity:Global Video Games & eSports 7.71%
SOXX iShares PHLX Semiconductor ETF Equity: U.S. Semiconductors 7.17%
SMH VanEck Vectors Semiconductor ETF Equity: Global Semiconductors 6.54%
RISN Inspire Tactical Balanced ESG ETF Asset Allocation: Target Outcome 6.39%
HIPR Direxion High Growth ETF Equity: U.S. – Total Market Growth 6.37%
SOXL Direxion Daily Semiconductor Bull 3X Shares Leveraged Equity: U.S. Semiconductors 6.13%
SPMO Invesco S&P 500 Momentum ETF Equity: U.S. – Large Cap 5.95%
HERO Global X Video Games & Esports ETF Equity:Global Video Games & eSports 5.70%

Source for NVIDIA ETFs data: ETF.com

Related Story: Univ. of Florida in $70M Public-Private AI Partnership With NVIDIA

Pictured: The NVIDIA A100 GPU                                                  

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