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.
Updates
· dpa-AFX — Nvidia shares extended gains to 7.6% in regular trading, adding $370 billion in market value, while Salesforce rose 21.4% on its own earnings beat.
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 9 out of 10. Source: Benzinga.