GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF

NVDL

Market cap $4.52B

The Magnificent 7 account for roughly a third of the entire S&P 500, so it's understandable that some investors might consider focusing an outsized portion of their portfolio on either one of these stocks or a similarly-sized titan of the market. At the same time, single-stock exchange-traded funds (ETFs)—funds that take the common diversification tactic of ETFs and flip it in order to provide leveraged exposure to a single name—have proliferated quickly.

Semiconductor stocks caught a major bid on Monday, with NVIDIA (NVDA) shares rebounding and its leveraged ETFs amplifying the move.

GraniteShares 2x Long NVDA Daily ETF offers leveraged daily exposure to Nvidia, suitable only for experienced traders seeking short-term trades. I see NVDA's growth underpinned by hyperscaler capital outlays, ongoing GPU/CPU replacement cycles, and gradual enterprise AI adoption, despite market uncertainty. Custom silicon deals by hyperscalers raise competitive questions, but I expect NVDA to maintain leadership amid surging AI infrastructure investment.

Wall Street is about to let you put your money where your political predictions are. Roundhill Investments has filed prospectuses for ETFs tied directly to prediction markets on who wins the 2028 presidential election, plus the House and Senate. It's a groundbreaking development that blurs the line between investing and political betting.

NVDL offers a straightforward but unforgiving proposition: double Nvidia's daily return, every day.

GraniteShares 2x Long NVDA Daily ETF (NVDL) offers 2x daily exposure to Nvidia but carries extreme risk and volatility. NVDL has underperformed expectations, up only 25% YTD versus NVDA's 33%, due to compounding slippage in volatile markets. Leveraged ETFs like NVDL can experience catastrophic losses—over 90%—during sharp drawdowns, making recovery nearly impossible.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Active ETFs issuance has been torrid since 2021. At the start of that year there were 535 active ETFs versus 1,959 passive ETFs.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Nvidia (NVDA 0.32%), one of the market's hottest growth stocks, has surged 27,590% over the past decade as its sales of discrete GPUs soared. That boom was largely fueled by the expansion of the AI market, which drove many companies to upgrade their data centers with its top-tier GPUs to process complex machine learning and AI tasks.