Nvidia's rally has fueled gains in these ETFs
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An earnings blockbuster from Nvidia (NASDAQ:NVDA) fueled gains in exchange traded funds tied to the semiconductor giant.
In Thursday's early trading, NVDA rose more than 25%, thanks to Street-beating results and an upbeat forecast driven by optimism about AI. Meanwhile, the stock is held by 409 different exchange traded funds. Here are the six ETFs with the highest concentrations toward NVDA, along with their daily price action:

ProShares Ultra Semiconductors (NYSEARCA:USD): 22.78% allocation, +18.5%.
VanEck Semiconductor ETF (NASDAQ:SMH): 15.15% allocation, +7.1%.
AXS Esoterica NextG Economy ETF (BATS:WUGI): 14.24% allocation, +4.2%.
Pacer Data and Digital Revolution ETF (TRFK): 13.24% allocation, +3.2%.
Simplify Volt RoboCar Disruption and Tech ETF (VCAR): 10.94% allocation, +3.6%.
iShares Semiconductor ETF (SOXX): 9.89% allocation, +4.7%.

Looking at single-stock leveraged ETFs tied to NVDA, the GraniteShares 1.5x Long NVDA Daily ETF (NVDL) has rocketed higher on Thursday by 36.5%.
NVDA took off after the company posted Q1 revenue of $7.19B, which was lower by 13% from the previous year but still 19% higher than the previous quarter. Moreover, for Q2, NVDA projected revenue of $11B, which was well above analysts' expectations.
More on Nvidia:

Nvidia earnings trigger AI stock rally - will the gains hold?
Nvidia approaches $1T market cap as Wall Street praises 'jaw dropping guidance'
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