ASX ETF Offers Diversified Exposure to Nvidia Shares

Nvidia's Q1 earnings report exceeded expectations, with revenue of $44.1bn, up 69% YoY and 12% QoQ. Despite concerns over export controls and tariffs, Nvidia's share price has recovered 50% from its April low. For diversified exposure to Nvidia shares, investors can consider the ASX-listed Global X Fang+ ETF, which provides 10% exposure to Nvidia and includes other cutting-edge technology companies. The ETF has a management expense of 0.35%.

Nvidia's (NASDAQ: NVDA) first quarter fiscal 2026 earnings report exceeded market expectations, with revenue of $44.1 billion, representing a 69% year-over-year (YoY) increase and a 12% quarter-over-quarter (QoQ) rise [1]. Despite the company's share price recovering 50% from its April low, concerns over export controls and tariffs persist.

Key highlights from the report include:

- Revenue Growth: The company's revenue grew significantly, driven by strong demand for AI infrastructure and gaming products. The quarter's revenue was $44.1 billion, up 12% from the previous quarter and up 69% from the same period last year [1].
- Gross Margins: GAAP and non-GAAP gross margins were 60.5% and 61.0%, respectively. Excluding the $4.5 billion charge related to H20 products, the non-GAAP gross margin would have been 71.3% [1].
- Earnings Per Share (EPS): GAAP and non-GAAP diluted earnings per share were $0.76 and $0.81, respectively. Excluding the $4.5 billion charge and related tax impact, the non-GAAP diluted EPS would have been $0.96 [1].
- Export Control Impact: Nvidia incurred a $4.5 billion charge in the first quarter due to export control requirements for its H20 products. This charge was primarily due to excess inventory and purchase obligations as demand for H20 products diminished [1].
- Outlook: For the second quarter of fiscal 2026, Nvidia expects revenue of $45.0 billion, with GAAP and non-GAAP gross margins of 71.8% and 72.0%, respectively. The company expects operating expenses to be approximately $5.7 billion and $4.0 billion, respectively [1].

Investors seeking diversified exposure to Nvidia shares can consider the ASX-listed Global X Fang+ ETF, which provides 10% exposure to Nvidia and includes other cutting-edge technology companies. The ETF has a management expense of 0.35% [1].

References:
[1] https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2026