ETFs & Mutual Funds
Nvidia Dethrones Tesla as Single-Stock ETF King With 400% Rally
- Nvidia-focused single-stock funds hold half of all such assets
- Funds centered around Tesla used to see bulk of inflows
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There’s a new stock reigning supreme in a speculative part of the ETF investment landscape.
Thanks to the relentless artificial-intelligence boom, Nvidia Corp. now holds a commanding position in exchange-traded funds that track a single company — representing more than half of all assets across so-called single-stock ETFs, over $6 billion in total. Meanwhile Tesla Inc.-centric funds represent just a fifth of all holdings in the sector, down from two-thirds last year, according to data from JPMorgan Chase & Co. and Bloomberg Intelligence.