Direxion Daily NVDA Bull 2X Shares

NVDU

Market cap $652M

The Consumer Electronics Show (CES) took place last week in Las Vegas and the convention served as a reminder that Nvidia (NVDA) is a bellwether stock – a logical status given that it's the largest company in the world by market value.

Although semiconductor juggernaut Nvidia Corp. (NASDAQ: NVDA) has become practically synonymous with the dramatic rise in artificial intelligence, the tremendous success also serves as a point of caution. True, NVDA stock has skyrocketed in recent years on the back of its graphics processors, which power the latest AI workloads.

Active traders looking for targets this week don't have to look far. That's because a familiar name reports earnings on Wednesday after the close of U.S. markets.

Nvidia and Palantir have been two prominent names riding the AI investing wave that's captivated the markets this year. However, questions surrounding valuations exceeding fundamentals are starting to surface.

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.

The seemingly unrelenting stream of artificial intelligence (AI)-related headlines extended in a big way on Monday, Sept. 22 when Nvidia (NVDA) and OpenAI unveiled a letter of intent under which the ChatGPT parent will deploy a minimum of 10 gigawatts of Nvidia systems to underpin its AI infrastructure.

Nvidia's (NVDA) fiscal Q2 earnings, one of August's marquee events, are now in the rearview mirror. But simply because summer is fading doesn't mean interest in Nvidia market capitalization will.

Nvidia has been sitting pretty atop the list of largest companies. After its fiscal year 2026 Q2 earnings, it sent a message that it plans to remain there.

The ICE Semiconductor Index has been up more than 25% over the past 90 days. And Nvidia (NVDA) is printing new highs on a regular basis.

While artificial intelligence has been one of the hottest topics in the business ecosystem, it's not without its challenges. Six months following its high-profile announcement at the White House, the $500 billion Stargate project — a joint venture between OpenAI and SoftBank — has encountered significant delays and scaled-back ambitions.