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As Nvidia Corp. (NASDAQ:NVDA) hit all-time highs with 234.09% returns in the past year, several exchange-traded funds (ETFs) associated with the Jensen Huang-led chip giant have also demonstrated remarkable growth during the same time frame, reflecting the company’s significant market influence.

What Happened: According to Benzinga Pro, the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) being entirely invested in Nvidia, saw a remarkable increase of 479.94%.

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Meanwhile, ProShares Ultra Semiconductors (NYSE:USD), which has a 53.92% stake in Nvidia, climbed by 290.18%.

The Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL) with an 8.15% holding in Nvidia surged by 111.65%, while the iShares Semiconductor ETF (NASDAQ:SOXX) rose by 50.49%, holding 9.69% in Nvidia. The Strive US Semiconductor ETF (NYSE:SHOC) which maintains a 26.04% Nvidia holding, increased by 51.19%.

The Simplify Volt RoboCar Disruption (NYSE:VCAR) gained 34.66%, with 22.83% invested in Nvidia. Lastly, the VanEck Semiconductor ETF (NASDAQ:SMH) rose by 76.50%, holding 22.69% in Nvidia.

Why It Matters: The impressive performance of Nvidia-linked ETFs can be attributed to the company’s strong market position and the increasing demand for its products. Recently, Nvidia’s stock reached an all-time high, driven by the surge in artificial intelligence demand. Since the beginning of the year, Nvidia shares have risen over 186%, showcasing the company’s significant growth trajectory.

Furthermore, Nvidia is expanding globally, with plans to develop AI chips in India and expand in Thailand. This strategic expansion aims to bolster domestic semiconductor supply chains, further solidifying Nvidia’s market dominance.

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This article While Nvidia Shares Are Hitting All-Time High With Over 230% Return In The Past Year, Some ETFs… originally appeared on Benzinga.com