Want Exposure to Nvidia’s Parabolic Growth? These 3 Vanguard Funds Are Ideal Vehicles.
From Nasdaq: 2024-07-11 09:15:00
Nvidia (NASDAQ: NVDA) has experienced an impressive 165% gain in the first half of 2024, contributing significantly to the S&P 500’s 16% gain. Despite this growth, Nvidia’s shares trade at a high 77 times trailing earnings, prompting caution. Consider Vanguard ETFs like VOO, VUG, and VGT for exposure to Nvidia while diversifying your portfolio.
The Vanguard S&P 500 ETF (VOO) provides broad exposure to large-cap U.S. stocks and includes Nvidia as a significant holding. With a low expense ratio of 0.03%, this ETF offers a way to capture Nvidia’s growth within the S&P 500 index. Similarly, the Vanguard Growth Index Fund ETF (VUG) focuses on U.S. growth stocks, with Nvidia as a major holding.
For maximum exposure to Nvidia and the tech sector, consider the Vanguard Information Technology Index Fund ETF Shares (VGT). This ETF tracks the MSCI US Investable Market Information Technology 25/50 index with Nvidia as a substantial holding. While offering the highest concentration of Nvidia, it also comes with increased sector-specific risk.
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