Single-stock betting on Nvidia plunges

This is a U.S. news story, published by CNBC, that relates primarily to Nvidia news.

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Rex 2X Long Nvidia Daily Target ETF

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Short NVDA Daily ETF

CNBC

•

Business

Business & Economics

Investors piled into leveraged ETFs tied to Nvidia. Then the stock crashed

Summary

Nutrition label

75% Informative

Leveraged single-stock ETFs supercharge the companies they track, delivering amplified returns.

Nvidia lost almost $600 billion in market cap on Monday , the biggest drop for any company on a single day in the U.S. The GraniteShares 2x Long NVDA Daily ETF ( NVDL ) fell 33.78% overnight .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful