Nvidia (NASDAQ: NVDA) is a major influencer of tech- and semiconductor-oriented ETFs, with a 22% weight in VanEck Semiconductor ETF and significant holdings in other funds. Its earnings can impact the performance of these ETFs, with three potential scenarios: a beat with strong guidance, in-line results, or weak performance. Suppliers and component companies may also be affected. September’s earnings should provide clarity on hyperscaler spending, product roadmap, export control, and China revenue.
