It Could Be a Huge Week for These Nvidia ETFs
Active traders looking for targets this week don’t have to look far. That’s because a familiar name reports earnings on Wednesday after the close of U.S. markets. The stock is semiconductor giant Nvidia (NVDA), the largest company by market value. Particularly against the backdrop of headlines indicating multiple well-known investors have exited Nvidia positions, the company’s Wednesday earnings update is seen not only as a test of investors’ devotion to AI, but a test of broader market sentiment as well. That could indicate a perfect storm is brewing for short-term traders to consider ETFs such as the Direxion Daily NVDA Bear 1X Shares (NVDD A-) and its geared bullish counterpart, the Direxion Daily NVDA Bull 2X Shares (NVDU A-).
Source: https://etfdb.com/leveraged-inverse-content-hub/may-be-huge-week-nvdia-etfs/
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