Nvidia Surges 6% Premarket as Leveraged ETFs Amplify AI Trade
NVDA sits 36% above its 52-week low of $164.07.
Summary
Nvidia shares jumped 6% in premarket trading Thursday, reversing the initial post-earnings dip. The move follows Q2 revenue of $96.2B, beating estimates, and Q3 guidance of $105.8B-$110.1B. Leveraged single-stock ETFs tied to NVDA (NVDL, NVDU, NVDX, NVDB) surged 13-14%, highlighting the growing ecosystem of amplified AI trades. The premarket reversal suggests traders are re-evaluating the earnings beat after the initial selloff. Watch for sustained momentum into the regular session and any further ETF inflows.
At the time of this announcement, NVDA was trading at $223.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.