VGT’s 18.5% Nvidia Weight Makes May 20 Earnings Pivotal
VGT•Vanguard Information Technology ETF allocates 18.5% of its portfolio to Nvidia, making the May 20 earnings report a critical driver for VGT performance. Street consensus forecasts Nvidia’s fiscal Q1 2027 revenue at $79.08 billion and EPS at $1.76, with Goldman Sachs projecting a $2 billion revenue beat and a 90% chance of an upside surprise.
1. Nvidia Concentration in VGT
Vanguard Information Technology ETF holds Nvidia as its largest single position, representing 18.5% of total assets. This high concentration means any significant stock movement around the May 20 earnings release will heavily influence VGT’s net asset value and intraday trading flows.
2. Q1 2027 Earnings Expectations
Analysts project Nvidia will report $79.08 billion in revenue and $1.76 in EPS for its fiscal first quarter, reflecting continued demand for its Blackwell GPU architecture. Goldman Sachs anticipates a $2 billion revenue beat, and market odds of an upside surprise exceed 90%, underscoring strong bullish sentiment.
3. Implications for VGT Investors
A 5% swing in Nvidia’s share price could translate into roughly a 0.9% move in VGT, given the 18.5% weighting. Investors should consider whether to adjust allocations or implement hedges to manage single-stock risk within this broad technology ETF ahead of the earnings event.
