Nvidia is in several stock market indexes, including the S&P 500 and Nasdaq Composite index. As a result, index funds and exchange-traded funds (ETFs) that benchmark their returns against those indexes hold Nvidia stock. According to ETF.com, 525 ETFs held 2.3 billion shares of Nvidia as of late 2024. The ETFs with the most shares were:

The stock of Nvidia has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 34 Buy, three Hold, and one Sell recommendations issued in the past three months. The average NVDA price target of $186.24 implies 1.94% upside from current levels.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?