5 ETFs To Tap The Hot Nvidia

NVIDIA NVDA has been grabbing investors’ attention this week as the stock regained its last year’s momentum and is scaling new record highs. Notably, the stock soared 23% following its blowout Q1 2018 earnings results on May 9, sending the market capitalization of NVDA over $75 billion for the first time.

With this, NVIDIA is approaching faster to fill the gaps created by chip giants like Qualcomm (QCOM - Free Report) and Texas Instruments TXN having market capitalization of nearly $80 billion each. Overall, the videogame-gear specialist has given whopping returns of 208.3% over the past one year, crushing the Zacks categorized Semiconductor-General industry’s return of 48.4%.

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