From Barchart:

Nvidia NVDA is set to release its fourth-quarter fiscal 2024 results on Feb 21, after market close. The semiconductor company overtook Amazon to become the fourth-most valuable company in the United States. Analysts expect a higher chance of an earnings beat and positive revisions. Various ETFs to consider ahead of its earnings report include SMH, WUGI, BOTZ, PP, and TRFK.

Earnings Whispers reports Nvidia currently has a Zacks Rank #2 (Buy) and an Earnings ESP of +3.67%. Analysts increased estimates for the fourth quarter of fiscal 2024. The average brokerage recommendation (ABR) for Nvidia currently stands at 1.20 on a scale of 1 to 5 (Strong Buy to Strong Sell).

The chipmaker is expected to post massive earnings and revenue growth of 415.9% and 234%, respectively, for the to-be-reported quarter. Most analysts raised the price target on Nvidia ahead of its quarterly earnings release. Its dominant position in the AI sector is a key factor driving the surge, despite new restrictions on chip exports to China.

VanEck Vectors Semiconductor (SMH) and Global X Robotics & Artificial Intelligence (BOTZ) are among the ETFs offering exposure to Nvidia ahead of earnings release.

AXS Esoterica NextG Economy ETF (WUGI), Global X Robotics & Artificial Intelligence ETF (BOTZ), MeetKevin Pricing Power ETF (PP), and Pacer Data and Digital Revolution ETF (TRFK) are the ETFs investors can consider for exposure to Nvidia ahead of its earnings release. All these ETFs hold a significant stake in Nvidia, with the largest allocation to SMH.



Read more: Nvidia Likely to Beat on Q4 Earnings: 5 ETFs to Tap