Movement Alert|GraniteShares 2x Long NVDA Daily ETF Rises 10.8% in Pre-Market Trading, NVIDIA Q2 Revenue Doubles to Beat Expectations

Market Focus
Aug 27

On August 27, GraniteShares 2x Long NVDA Daily ETF rose 10.8% in pre-market trading, trading at $35.3878/share, with turnover of $3.2025 million.

On the news front, NVIDIA reported blowout fiscal Q2 results after hours, driving the 2x leveraged ETF sharply higher. NVIDIA posted revenue of $96.2 billion, up 106% year-over-year, surpassing analyst consensus of $92.38 billion. Adjusted earnings per share came in at $2.22, beating the $2.10 estimate. Additionally, NVIDIA's CFO disclosed that Groq 3 Lpx will begin volume shipments to early adopters by end of the current quarter, with Nebius confirmed as the first customer. The executive also confirmed that Vera Rubin has entered full production, with the company set to simultaneously deliver both Blackwell and Rubin generation systems going forward, though some supply constraints remain.

As a fund designed to deliver twice the daily return of NVIDIA stock through swap agreements with major financial institutions, GraniteShares 2x Long NVDA Daily ETF amplified the underlying stock's post-earnings surge in pre-market trading.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10