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Top related persons:
Scott Acheychek - 3 NVDU - 2 Ed Egilinsky - 2 Egilinsky - 2 Will Rhind - 1 there's - 1 Bryan Armour - 1 I've - 1
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GraniteShares Santa Clara , California China Bengaluru New York Providence , Rhode
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Nvidia - 3 NVIDIA - 2 Thomson - 2 North America - 1 Rex Financial - 1 Handout - 1 REUTERS Acquire - 1 REX - 1

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3 mentions found


☆ ETFs that bet solely on Nvidia are booming even in a sleepy summer for Wall Street
  + stars: | 2024-08-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +6 min
The T-Rex 2X Long Nvidia Daily ETF (NVDX) and Direxion Daily NVDA Bull 2X Shares (NVDU) have also attracted inflows this month and now have more than $1 billion in assets combined. Entering Wednesday, Nvidia was up 159% for the year, and the three leveraged long ETFs had all delivered higher returns. Inverse Nvidia funds also exist, though they have been less popular than their leveraged long counterparts so far. The advent of the single stock funds has come at the same time as the rising demand for short-term options . All three long Nvidia funds have annual expense ratios above 1%.
Persons: Will Rhind, NVDU, there's, Bryan Armour, Scott Acheychek, I've, Acheychek, Rhind, Ed Egilinsky, Egilinsky, Morningstar's Armour, Armour Organizations: Nvidia, North America, Rex Financial Locations: GraniteShares
☆ Nvidia shares drop as China worries overshadow stellar forecast
  + stars: | 2023-11-22 | by ( Arsheeya Bajwa Chavi Mehta | Arsheeya Bajwa | Chavi Mehta | ) www.reuters.com   time to read: +2 min
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. The company was set to erase more than $40 billion in market capitalization if losses hold, based on its current share price of $482.20. Nvidia, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its China business will take a hit from tighter export controls. Still, it forecast current-quarter revenue of $20 billion, plus or minus 2%, beating analysts' average estimate by more than $2 billion, according to LSEG data. "This disconnect between stellar earnings and an uncertain future in China is causing investor concern," said Scott Acheychek, CEO of REX Shares, which offers a fund linked to Nvidia shares.
Persons: Scott Acheychek, Nvidia's, Kyle Rodda, NVDA, Stifel, Arsheeya Bajwa, Chavi Mehta, Arun Koyyur Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, REX, Thomson Locations: Santa Clara , California, China, Bengaluru
☆ Trading in Nvidia ETFs shows traders preparing for upbeat earnings
  + stars: | 2023-11-21 | by ( Suzanne Mcgee | ) www.reuters.com   time to read: +4 min
In August, Nvidia stock soared to all-time highs after the company reported quarterly results. Tuesday's trading in the T-Rex NVDX reflects underlying optimism that Nvidia will deliver another blockbuster earnings report after the market close. Although its price has fallen, reflecting the decline in Nvidia's shares, trading volume has soared to 86 million shares, compared with an average of 26 million. On Wednesday morning, traders will be trading the ETFs based not on the immediate response to the earnings but on Wednesday's activity. "We've seen a 400% jump in average daily trading volume on the day ahead of and following Nvidia's earnings releases," he added.
Persons: Dado Ruvic, it's, Scott Acheychek, Rex NVDX, Direxion, Ed Egilinsky, NVDU, Egilinsky, Greg Bassuk, Suzanne McGee, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Rex, NVIDIA Daily Target ETF, AXS Investments, Thomson Locations: New York, Providence , Rhode
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