Want to Buy the Nvidia Dip? Here Are 2 ETFs You Should Take a Look At
Nvidia (NASDAQ: NVDA) has been one of the most impressive growth stocks of all time, but it has pulled back by more than 10% from its recent highs. However, with shares trading for more than 38 times sales even after the decline, many investors may not want to buy Nvidia stock individually.
The best way to get exposure to Nvidia in your stock portfolio might be through an exchange-traded fund (ETF) that has a large allocation to the chipmaking giant but also owns plenty of other stocks. Here are two in particular that you might want to take a closer look at right now.
Nvidia is certainly the most prolific chipmaker in the market right now, and for good reason, but it isn't the only one that is benefiting from the surge in artificial intelligence (AI) investment. The Invesco PHLX Semiconductor ETF (NASDAQ: SOXQ) could be a great way to invest.
Source Fool.com
Invesco Ltd. Stock
Our community is currently high on Invesco Ltd. with 5 Buy predictions and 2 Sell predictions.
With a target price of 18 € there is a positive potential of 20.4% for Invesco Ltd. compared to the current price of 14.95 €.
