Investors looking to capitalize on Nvidia's dominance in the tech industry have several ETF options to consider. Nvidia, a leading technology company, is a significant holding in multiple tech-focused ETFs. Despite its size, the company's growth potential remains strong. Three ETFs that have a substantial allocation to Nvidia shares are worth considering: the Technology Select Sector SPDR Fund (XLK), the VanEck Robotics ETF (IBOT), and the VanEck Semiconductor ETF (SMH).
The XLK ETF is heavily concentrated in its top two holdings, Nvidia and Microsoft. This fund provides exposure to both companies and offers a passive way to invest in Nvidia and its peers. The IBOT ETF, on the other hand, offers diversification beyond Nvidia by including exposure to robotics companies. This ETF allows investors to benefit from the growth potential of the robotics industry as well as Nvidia's performance. Lastly, the SMH ETF provides broad exposure to the semiconductor market, with Nvidia being its top holding. By investing in this ETF, investors can gain exposure to the overall semiconductor industry while also benefiting from Nvidia's dominance.
Investing in ETFs that have a significant allocation to Nvidia can be an effective way to gain exposure to the company's growth potential while diversifying risk. These passive investment vehicles offer a convenient and diversified approach to investing in Nvidia and its peers.
Source: [InvestorPlace](https://investorplace.com/2024/06/3-etfs-to-buy-for-nvidia-stock-dominance/)