Dip-Buyers Pour $254M Into 2x Nvidia ETF as Huang Exit Fears Hit Shares
NVDA is trading near its 52-week low of $148.8 (8.2% above the low).
Summary
Jensen Huang resigned as Nvidia CEO on Thursday, and the stock has been under pressure since — the leveraged GraniteShares 2x Long NVDA Daily ETF (NVDL) has lost roughly a third of its value since early November, with NAV falling from about $27.70 on November 4 to $22.50 on November 5 and $18.60 now. Rather than capitulate, investors bought the dip: the fund took in about $254M on November 12, its largest daily inflow on the chart, with money coming in every session from November 5 through November 12. Retail buying in NVDA itself was equally aggressive — $111M net in the first 30 minutes of Thursday's session, the largest opening half-hour on record per Vanda Research. The resignation follows scrutiny over reports of two extramarital relationships, one involving a former Megaspeed executive whom U.S. authorities suspect was linked to Chinese intelligence. The key question is governance and succession at the top of the AI trade's bellwether — a leadership vacuum at Nvidia is not a one-day story, and the leveraged ETF flows show retail conviction running against institutional caution.
At the time of this announcement, NVDA was trading at $161.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $148.80 to $243.37. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.