Tech ETFs Surge with Nvidia Gains

Nvidia's ($NVDA@US) shares have seen the most significant rally among US-listed companies, with a market cap of over $500B so far in 2023, which has resulted in gains in ETFs related to the semiconductor company. The chipmaker's stocks have increased by over 80% in Q1, while the top five ETFs with the most significant exposure to the company have all risen by at least 15%. A total of 388 ETFs own Nvidia, with 111 actively managed and another 43 with an ESG focus. ProShares Ultra Semiconductors (NYSEARCA:USD) is the top ETF, with Nvidia holdings at 20.33 percent, and VanEck Semiconductor ETF (NASDAQ:SMH) comes in second at 13.59 percent.