Nvidia: 'Almost 500 ETFs have exposure' to chip giant, strategist explains

Description

Chipmaker Nvidia (NVDA) seems to be a major market influencer ahead of its earnings results due out after Wednesday's closing bell. The stock — a member of the Magnificent Seven — has certainly been a major tech driver, but do investors and ETFs have too much exposure on this AI darling? ETF Think Tank Director of Research Cinthia Murphy sits down with Yahoo Finance Live to weigh in on ETF themes boosted by Nvidia's success, and which types of ETFs are adjacent to artificial intelligence narratives. "The worst thing you can do is be unaware of being really heavy on Nvidia. So go make sure if you have Nvidia... if you have a semiconductor ETF, and you have a Big Tech ETF, and have an AI ETF... and you have Nvidia across all of these exposures you may be really loaded on that single stock," Murphy explains. "So now as we are faced with a potential correction, if guidance disappoints today, you could really be in a position where you're overly exposed to it. Awareness is the first step here. Make sure you're aware to how much exposure you have to a single stock for that single stock risk." About Yahoo Finance: #youtube #ETFs #stockmarket Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance