22-02-2024 23:03 via rocketnews.com

Nvidia’s surge ripples across stock market — lifting AI, tech and semiconductor ETFs

Several exchange-traded funds that buy stocks with exposure to artificial intelligence surged Thursday after closely watched AI beneficiary Nvidia Corp. beat earnings expectations. The Global X Robotics & Artificial Intelligence ETF BOTZ,which has around $3 billion of assets under management, closed 4.4% higher, according to FactSet data. Megacap semiconductor company Nvidia NVDA, +16.40%was the ETF’s biggest holding on Wednesday at around 18.9% of its net assets, holdings data on Glob
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