Nvidia's blowout earnings report is boosting this single-stock ETF

A blowout earnings report for Nvidia is rewarding the chipmakers shareholders once again, and delivering even bigger returns for traders who use a red-hot leveraged ETF. Nvidia smashed estimates for the second quarter , and its third quarter guidance called for sales of roughly $16 billion — up 170% year over year. That sent the chip giant's stock up 2% in early trading, briefly reaching an all-time high. And the GraniteShares 1.5x Long NVDA Daily ETF jumped 3.

ETF has soared this year as the excitement around artificial intelligence has boosted Nvidia's stock. The GraniteShares long Nvidia fund had $260 million in assets under management before Thursday's surge, with a return of more than 400% year to date.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Nvidia Stock: How We Plan To Position For Q2 EarningsBelow, we will review why it’s likely Nvidia beats and sees expanding margins, and secondly, we will review our plans for our outsized position. My firm is unique in that
Bron: ForbesTech - 🏆 318. / 59 Lees verder »

Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
Bron: AP - 🏆 728. / 51 Lees verder »

Nvidia Stock Sold By Cathie Wood Ahead of Earnings, Buys More Zoom SharesThe investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »