AI chipmaker Nvidia jumped over 10% on Thursday, adding over $200 billion in market value and lifting many tech, AI, and semiconductor-focused exchange-traded funds after it reported stellar earnings for the first quarter.

Nvidia reported top and bottom-line results that handily beat analyst estimates, while issuing guidance for the second quarter that was also better-than-expected.

A full 504 U.S.-listed ETFs own Nvidia, according to etf.com’s stock holdings tool .

That includes the AXS Esoterica NextG Economy ETF (WUGI) and the VanEck Semiconductor ETF (SMH) , which allocate 27% and 21% of their portfolios, respectively, to the stock.

The ETFs were trading up 2% to 3% midday, a strong showing on a day in which the SPDR S&P 500 ETF Trust (SPY) was close to unchanged.

Better still was the whopping 21% gain for the GraniteShares 2x Long NVDA Daily ETF (NVDL) , a volatile single-stock ETF tied to Nvidia stock.

Since the start of the year, Nvidia is up 111%, while NVDL is higher by 248%.

Strong Results

Nvidia reported earnings per share of $6.12 on revenues of $26 billion for the first quarter. That compares to the $5.65 and $24.7 billion that analysts were expecting.

Revenue guidance for Q2 was $28 billion, ahead of the $26.8 billion that analysts had penciled in before the report.

The company also announced that it would split its stock 10-for-1 and that it would increase its quarterly dividend by $0.04 per share to $0.10.

Investors were relieved that Nvidia’s growth remained strong ahead of the launch of its next generation of AI chips.

There was some worry that the transition period could result in a deceleration in the company’s growth as Nvidia’s customers geared up to purchase the new Blackwell chips later this year.

Instead, demand for Nvidia’s current line-up of Hopper chips remained extremely robust.

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