1 Unstoppable Vanguard ETF to Buy With $600 During the S&P 500 Bull Market
Nvidia (NASDAQ: NVDA) stock has soared 181% so far in 2024, and its current market capitalization of $3.3 trillion now accounts for 7% of the entire value of the S&P 500. As a result, Nvidia alone is responsible for one-third of the 15.7% gain in the index this year.
Simply put, investors with no exposure to the largest U.S. technology stocks -- especially those developing artificial intelligence (AI) -- have missed out on significant returns in 2024. Considering Nvidia and its trillion-dollar peers are delivering revenue and earnings growth to justify their soaring stock prices, the tech sector will probably continue leading the S&P 500 higher.
Buying an exchange-traded fund (ETF) is a great way for investors to expose their portfolios to this trend without having to pick individual stocks, and the Vanguard Information Technology ETF (NYSEMKT: VGT) is an excellent option. It's issued by one of the largest ETF operators in the world, it's very cheap to own relative to its peers, and it holds the most popular AI stocks.
Source Fool.com
