NVDL plunged 12% in one session as NVDA erased $279 billion in market cap, marking the chip sector's largest single-day dollar loss this year.
Broadcom's Q3 AI guidance missed by over $1 billion and CEO Hock Tan signaled Google may use multiple chip suppliers, igniting Nvidia customer-concentration fears.
NVDA's 85% revenue surge and $91 billion Q2 guide remain intact, but daily resets mean NVDL silently bleeds value if the stock chops sideways.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
If you owned GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) into the close on Friday, June 5, 2026, your screen looked broken. The fund opened the session near $109.45 and closed at $95.91, a 12% single-day drop. The underlying, NVIDIA (NASDAQ:NVDA), fell 6.2% from $218.66 to $205.10, shedding ~$279 billion in market value in a single session. That is the largest single-day dollar loss in the chip complex this year, and it is exactly what a 2x daily reset wrapper is supposed to do on a bad day.
Broadcom's Q3 AI guidance missed by over $1 billion and CEO Hock Tan signaled Google may use multiple chip suppliers, igniting Nvidia customer-concentration fears.
NVDA's 85% revenue surge and $91 billion Q2 guide remain intact, but daily resets mean NVDL silently bleeds value if the stock chops sideways.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
If you owned GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) into the close on Friday, June 5, 2026, your screen looked broken. The fund opened the session near $109.45 and closed at $95.91, a 12% single-day drop. The underlying, NVIDIA (NASDAQ:NVDA), fell 6.2% from $218.66 to $205.10, shedding ~$279 billion in market value in a single session. That is the largest single-day dollar loss in the chip complex this year, and it is exactly what a 2x daily reset wrapper is supposed to do on a bad day.
2 months ago
