Last week, Nvidia Corp (NASDAQ: NVDA) shares reached a new all-time high of $158.71.
That's officially higher than its previous all-time high reached back in February.
After facing several challenges this year, investors wondered whether the chip maker had peaked.
First, Nvidia shares took a hit when Chinese startup DeepSeek arrived on the scene. Then the company faced further headwinds when US President Donald Trump unveiled his sweeping tariffs on 'Liberation Day'.
Finally, Nvidia learned it would face US export controls concerning its advanced chips destined for China. This led to the company writing off $5.5 billion in inventory, which CEO Jensen Huang described as potentially the "biggest write-off in the history of the chip industry".
On April 4, Nvidia shares reached a 52-week low of $86.62.
Since then, Nvidia shares have made an impressive comeback, along with other AI-focused stocks. Today, they are 66% higher.
Evidently, artificial intelligence stocks such as Nvidia have survived substantial volatility and are now firmly back in favour.
ASX investors wanting to get on the bandwagon should consider the following two exchange-traded funds (ETFs).
Image source: Getty Images
Global X Semiconductor ETF (ASX: SEMI)
The Global X Semiconductor ETF comprises 30 semiconductor businesses in developed markets, plus Korea and Taiwan. For a management expense of 0.45% per annum, the SEMI ETF provides exposure to companies positioned to benefit from the adoption of devices powered by semiconductors. As of 30 May, Nvidia shares represented 10% of the SEMI ETF and were the third-largest holding.
The SEMI ETF has soared an impressive 39% since 7 April. However, PWC estimates that global semiconductor revenues will grow more than twice as fast as global GDP, reaching over $1 trillion by 2030. If this materialises, the SEMI ETF is likely to outperform the market by a wide margin over the next 5 years.
Global X Fang+ ETF (ASX: FANG)
The Global X Fang+ ETF is also likely to benefit from the resurgence in artificial intelligence. The FANG ETF has been a standout performer over the past five years, rising 175%. For a management expense of 0.35%, the FANG ETF includes 10 equally weighted companies, including Nvidia. Like the SEMI ETF, that means roughly 10% of the fund is invested in Nvidia shares.
Since 7 April, the FANG ETF has rebounded 33%. The FANG ETF provides investors with exposure to companies at the cutting edge of the next generation of technology, allowing investors to benefit from the use of AI in both established companies and newcomers.
