EXCLUSIVE: Roundhill's AI, Magnificent 7 ETFs Shine In Tech Market Rally, Draw $100M Inflow In 1 Month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2024
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Source: Business Insider
- Performance of Roundhill Investments ETFs: Roundhill Investments has seen a significant increase in the performance of its ETFs, particularly those related to the Magnificent Seven and artificial intelligence stocks.
- Strategic Approach and Inflows: The Roundhill Magnificent Seven ETF and Generative AI & Technology ETF have surged about 15% since the start of the year, outperforming tech-heavy ETFs like Invesco QQQ Trust.
- Investor Inflows and Assets Under Management: The two funds have attracted the highest inflows within Roundhill's ETF suite, with close to $100 million in fresh investments in the last month.
- Equal-Weight Strategy and Stock Selection: The Magnificent Seven ETF follows an equal-weight strategy, with Nvidia Corp. holding the largest position. The Generative AI & Technology ETF focuses on companies with 50% or more revenue from AI-related business.
- Metaverse Conviction and Diversified Themes: Roundhill emphasizes the enduring potential of the metaverse. They offer various thematic ETFs including sports betting, cannabis, and Bitcoin strategies.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 183.320
Low
200.00
Averages
264.97
High
352.00
Current: 183.320
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.
