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Day traders spent last year shoving billions of dollars into leveraged Nvidia Corp. ETFs in a bid to amp up their gains on the hottest stock on the planet. Now those wagers are in peril.
Get-rich-quick funds that offer to amp up returns in Nvidia started the week with a record rout, after China’s DeepSeek sparked a selloff in technology stocks. As the chipmaker sank, a trio of Nvidia-focused funds — led by the GraniteShares 2x Long NVDA Daily ETF (ticker NVDL) — collectively incinerated about $2 billion in value, the data show. Leveraged ETFs as a whole were hit by a $10 billion loss in Monday trading, according to an analysis by Athanasios psarofagis at Bloomberg Intelligence.
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