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Barchart
Barchart
Aditya Raghunath

3 Best ETFs for Nvidia Stock Bulls

Nvidia ETF BOTZ NVDA Semiconductor Artificial Intelligence AMD Sydney Morning Herald

Nvidia (NVDA) has been among the hottest tech stocks in the world in the past year, as analysts are extremely bullish on the artificial intelligence (AI) megatrend. A semiconductor giant, Nvidia designs and sells chips used to run the data centers that power AI models, such as ChatGPT. 

Due to a massive surge in demand for these specialized chips, Nvidia increased its revenue from $26.9 billion in fiscal 2023 to $60.9 billion in fiscal 2024 (which ended in January). Its asset-light model also meant Nvidia could more than triple its adjusted earnings per share (EPS) in the last four quarters. 

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