Is First Trust Large Cap Growth AlphaDEX ETF (FTC) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
0mins
Should l Buy NVDA?
Source: NASDAQ.COM
Overview of First Trust Large Cap Growth AlphaDEX ETF (FTC): Launched in 2007, FTC is a smart beta ETF that aims to outperform the large-cap growth segment by using the AlphaDEX stock selection methodology, focusing on sectors like Industrials and Information Technology, with an expense ratio of 0.60% and a current yield of 0.32%.
Performance and Comparison with Other ETFs: As of August 2024, FTC has shown significant growth, up approximately 25.71% over the past year, but investors may also consider lower-cost alternatives like Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), which have lower expense ratios and larger asset bases.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Sentiment Shift: As attention on tech stocks rises, Sluymer notes that some funds are rotating out of these high-valuation stocks into other sectors, a typical behavior in times of high market concentration.
- Future Market Outlook: Should Nvidia's earnings report disappoint, it may lead to a decline in market confidence in tech stocks, potentially resulting in a broader market correction that could impact overall investment strategies.
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- Revenue Growth Forecast: Wall Street anticipates Nvidia's revenue will reach $326 billion for FY 2027, but given the surge in AI computing spending, actual revenue could hit $350 billion, further enhancing market confidence.
- Strong Profitability: If Nvidia achieves $350 billion in revenue while maintaining a 56% profit margin, it could generate $196 billion in profits, and with a reasonable 40x earnings valuation, the stock price could rise to $322, indicating a compelling investment opportunity.
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- Massive Market Potential: The total addressable market (TAM) for high-bandwidth memory was estimated at $35 billion last year, with Micron projecting a 40% compound annual growth rate, potentially reaching $100 billion by 2028, indicating Sandisk's revenue of only $9 billion represents just a fraction of its growth potential in this rapidly expanding market.
- Technological Evolution Opportunity: Sandisk is undergoing a transformation similar to Nvidia's, as its enterprise solid-state drives and NAND flash memory services become integral components of hyperscaler data center architectures, demonstrating the company's ability to capitalize on the opportunities presented by AI infrastructure development.
- Positive Investment Trends: With the
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