Investors Piled Into ETFs to Bet on Nvidia's Earnings. It Paid Off
- Funds saw an influx of cash ahead of the earnings release
- ETFs that place leverage bets on Nvidia see big gains
Nvidia headquarters in Santa Clara, California.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
Nvidia Corp. is delivering a bonanza to investors who piled into a handful of exchange-traded funds to wager that the chipmaker would deliver another earnings-season blowout.
The VanEck Semiconductor ETF (Ticker SMH), which pulled in some $324 million on Wednesday ahead of Nvidia’s release, rose nearly 7% Thursday, its biggest one-day jump since May.