Should You Buy Nvidia-Heavy ETFs Before Q3 Earnings Release?

Core Viewpoint - Nvidia (NVDA) is anticipated to report its third-quarter fiscal 2026 results on Nov. 19, with recent share price momentum declining despite significant year-to-date gains, suggesting a potential investment opportunity in NVDA-heavy ETFs [1][2]. Summary by Sections Earnings Expectations - Nvidia has an Earnings ESP of +3.17% and a Zacks Rank of 2 (Buy), indicating a strong likelihood of beating earnings expectations [4]. - The Zacks Consensus Estimate predicts a 55.7% year-over-year revenue growth and a 53.1% earnings growth for the fiscal third quarter [5]. Analyst Sentiment - Wall Street analysts maintain a bullish outlook on Nvidia, with an average recommendation of 1.29 on a scale of 1 to 5, where 1 is Strong Buy and 5 is Strong Sell [6]. - 85.42% of recommendations are Strong Buy, while 4.17% are Buy, reflecting strong confidence in Nvidia's performance [6]. Price Targets - The average price target for Nvidia, based on short-term estimates from 43 analysts, is $235.51, indicating a potential upside of 26.2% from its last closing price of $186.60 [7]. Investment Opportunities in ETFs - The combination of bullish ratings and favorable pre-earnings metrics suggests that Nvidia shares are likely to rally post-earnings, making NVDA-focused ETFs attractive investment options [8]. NVDA-Heavy ETFs - VanEck Semiconductor ETF (SMH): Total net assets of $35.28 billion, with NVDA holding 18.60% weightage. The fund has surged 40.5% year to date and charges 35 basis points in fees [9][10]. - Strive U.S. Semiconductor ETF (SHOC): Net assets of $131.28 million, with NVDA at 20.46% weightage. The fund has increased by 42.5% year to date and charges 40 basis points in fees [11]. - VanEck Fabless Semiconductor ETF (SMHX): Total net assets of $157.25 million, with NVDA holding 20.74% weightage. The fund has gained 26.5% year to date and charges 35 basis points in fees [12].