Graphics chipmaker Nvidia NVDA has been on an uptrend ahead of its first-quarter fiscal 2021 earnings scheduled on May 21, backed by optimism of Wall Street analysts. The stock hit a new all-time high and is up nearly 20% so far this month, easily outperforming the industry’s average growth of 3.7%. Notably, NVDA shares are up 73% from the March lows.The solid trend is likely to continue as Nvidia is expected to beat earnings estimate and has solid fundamentals.Earnings WhispersNvidia has a Zacks Rank #2 (Buy) and an Earnings ESP of +0.15%. According to our methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.The videogame-gear specialist saw no earnings estimate revisions over the past 30 days for the first quarter of fiscal 2021. The company’s earnings surprise history is solid. It delivered a positive earnings surprise of 10.60%, on average, over the past four quarters. Additionally, Nvidia is expected to post substantial earnings growth of 92.05% and revenue growth of 34.92% for the to-be-reported quarter.Further, the stock belongs to a top-ranked Zacks industry (placed at the top 26% of 250+ industries) with an impressive VGM Score of B (see: all the Technology ETFs here).The Zacks Consensus Estimate for average target price is $306.54 with nearly 83% of the analysts giving a Strong Buy or a Buy rating ahead of the company’s earnings.What’s Hot?A few analysts, including BMO Capital Markets upgraded the stock and raised the price target, stating that the chipmaker will benefit from strong sales of processors for cloud data centers and gaming PCs.ETFs in FocusGiven the optimism, investors could focus on ETFs having the largest allocation to this graphics chipmaker. Below are five ETFs with the highest allocation to NVDA that could make compelling plays ahead of the earnings report:Global X Robotics & Artificial Intelligence ETF BOTZThis fund follows the Indxx Global Robotics & Artificial Intelligence Thematic Index, which seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and AI, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles. It holds 40 stocks in its basket with NVIDIA occupying the top spot holding 13.4%. The ETF has AUM of $1.3 billion and average daily volume of 715,000 shares. It charges 68 bps in annual fees (read: Coronavirus Brightens Outlook for Robotics ETFs).iShares PHLX Semiconductor ETF SOXXThis ETF offers exposure to 30 U.S. companies that design, manufacture and distribute semiconductors by tracking the PHLX SOX Semiconductor Sector Index. Of these, Nvidia takes the top spot with 10.1% share. The fund has amassed $2.5 billion in its asset base and charges a fee of 46 bps a year. It trades in a solid volume of 904,000 shares and has a Zacks ETF Rank #1 (Strong Buy) with a High-risk outlook.VanEck Vectors Video Gaming and eSports ETF ESPOThis fund offers exposure to global companies, involved in video game development, e-sports and related hardware and software by tracking the MVIS Global Video Gaming and eSports Index. Holding 25 stocks in its basket, NVIDIA takes the top spot with 8.6% share. American firms account for one-third of the portfolio, while Japan and China round off the next two with double-digit allocation each. The fund has gathered $191.9 million in its asset base while trading in average daily volume of 69,000 shares. It charges 55 bps in annual fees from investors (read: Video Gaming ETFs Set to Gain on Strong Activision Results).Global X Video Games & Esports ETF HEROThis ETF offers exposure to companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own and operate within competitive esports leagues, or produce hardware used in video games and esports, including augmented and virtual reality. This can be easily done by the Solactive Video Games & Esports Index. Holding 41 securities in its basket, NVIDIA is the top firm accounting for 7.5% of assets. With AUM of $102.6 million, the fund charges 50 bps in annual fees and trades in average daily volume of 50,000 shares.VanEck Vectors Semiconductor ETF SMHThis ETF has AUM of $1.6 billion and average daily volume of about 4.9 million shares. The fund provides exposure to 25 global semiconductor securities by tracking the MVIS US Listed Semiconductor 25 Index. NVIDIA occupies the third spot with 7.4% of the assets. While the American firms dominate the fund’s holdings with 76.2% assets, Taiwan (12.1%), the Netherlands (9%) and Switzerland (2.4%) capture the top four slots in terms of its country exposure. The fund has an expense ratio of 0.35%. It has a Zacks ETF Rank #1 with a High risk outlook (read: What Awaits Semiconductor ETFs in Post-Lockdown World?).Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Global X Video Games Esports ETF (HERO): ETF Research Reports iShares PHLX Semiconductor ETF (SOXX): ETF Research Reports VanEck Vectors Semiconductor ETF (SMH): ETF Research Reports Global X Robotics Artificial Intelligence ETF (BOTZ): ETF Research Reports VanEck Vectors Video Gaming and eSports ETF (ESPO): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report