Chipmaker Nvidia (NVDA) is set to report its fiscal first-quarter results on Wednesday, May 20. With Nvidia being a major holding, several ETFs are also in focus ahead of earnings. Using the TipRanks’ Best Vanguard ETFs tool, we’ve identified three standout funds: Vanguard Information Technology ETF (VGT), Vanguard S&P 500 Growth Index Fund ETF (VOOG), and Vanguard Mega Cap Growth Index Fund ETF (MGK), that have strong exposure to Nvidia stock. For investors seeking NVDA exposure without buying the stock directly, Vanguard ETFs offer diversification while still benefiting from Nvidia’s growth.
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For context, Nvidia is best known for designing high-performance graphics processing units (GPUs) used in gaming, artificial intelligence, and data centers. Wall Street expects Nvidia to report EPS (earnings per share) of $1.75, reflecting 116% year-over-year growth. Revenue is estimated to rise 79% to $78.82 billion.
What Lies Ahead for Investors
For investors seeking exposure to NVDA without buying the stock directly, Vanguard ETFs offer a diversified way to benefit from NVDA’s growth. Funds such as VGT, VOOG, and MGK all hold significant positions in Nvidia along with other AI-focused technology companies. Bullish investors may view these ETFs as a more balanced way to participate in Nvidia’s AI-driven growth while reducing single-stock risk.
Meanwhile, more cautious investors may prefer to wait until after earnings, as Nvidia’s results and guidance could lead to sharp moves across AI and technology stocks.
Let’s look at these ETFs in detail.
Vanguard Information Technology ETF (VGT)
Vanguard Information Technology ETF is focused solely on U.S. technology stocks. Its largest holding is NVDA, which makes up 18.52% of the fund’s portfolio. Other major holdings include Apple (AAPL), Microsoft (MSFT), Broadcom (AVGO), and Micron (MU). The ETF provides pure exposure to the tech sector, making it appealing for investors targeting strong growth potential.
Overall, VGT has 320 stocks with assets worth $140 billion.
However, this concentrated focus can lead to higher volatility compared with broader-market funds. With a beta of 1.49, VGT tends to move more aggressively than the overall market. It also carries a relatively higher expense ratio of 0.09%.
Vanguard S&P 500 Growth ETF (VOOG)
The Vanguard S&P 500 Growth ETF tracks the growth segment of the S&P 500, focusing on large-cap companies with strong earnings momentum. Its biggest holding is NVDA at 14.60% of the portfolio, followed by MSFT and AAPL.
Overall, VOOG holds 146 stocks and manages approximately $26 billion in assets. The fund has a beta of 1.25, meaning it tends to be more volatile than the broader market.
Vanguard Mega Cap Growth ETF (MGK)
The Vanguard Mega Cap Growth ETF focuses on the largest U.S. growth companies, mainly big technology and consumer brands with strong growth potential. MGK’s biggest holding is NVDA at 13.72%. Other major stocks include AAPL, MSFT, Alphabet (GOOGL), and Amazon (AMZN).
Overall, MGK holds 63 stocks and manages about $29.7 billion in assets. The ETF also offers a low expense ratio of 0.05%.
MGK is heavily concentrated in mega-cap stocks, which can help drive stronger returns during bullish market trends but may also lead to higher volatility. The fund has a beta of 1.27.