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Nvidia Stock and Its Impact: This Nvidia ETF Shows Profits in 2024

Nvidia stock has experienced significant growth in 2024, leading many investors to explore options like this Nvidia ETF. With Nvidia's stock increasing by over 191%, this ETF has provided investors with unique opportunities to gain exposure while securing income. This article delves into the performance of Nvidia stock and the advantages of the ETF for savvy investors.

Nvidia Stock Highlights in 2024

With Nvidia stock skyrocketing, it is clear that the artificial intelligence boom has propelled semiconductor firms forward. Since the start of the year, Nvidia (NASDAQ: NVDA) achieved an astounding price increase of 191.11%. However, in the last month, it only saw a 3.09% rise, triggered by profit-taking post its Q3 FY 2025 earnings report.

Exploring Nvidia ETFs

This has led to heightened interest in Nvidia ETFs, particularly the YieldMax NVDA Options Income Strategy ETF (NYSEARCA: NVDY). This ETF enables investors to gain exposure to Nvidia stock while also generating a regular income.NVDY Income Strategy: The fund utilizes a mixture of options and fixed-income assets, predominantly through covered calls alongside short-term Treasury investments.Reliable Returns: Since the start of 2024, NVDY has paid out a notably reliable income stream, totaling $18.51 per share over 12 payouts.Investment Growth: An initial investment of $22.13 in NVDY would have yielded a total of $44.54, combining income and capital appreciation for a spectacular 92.45% profit.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.