Movement Alert|2x Long NVDA ETF-GraniteShares Rises 8.01% in Regular Trading, Multiple Catalysts Boost NVIDIA and Leveraged ETF

Market Focus02:14

On July 15, 2x Long NVDA ETF-GraniteShares rose 8.01% in regular trading, trading at $33.215/share, with turnover of $393 million. The leveraged ETF amplified NVIDIA's gains as the chipmaker benefited from a confluence of positive developments.

On the news front, NVIDIA CEO Jensen Huang confirmed during a Morgan Stanley roadshow that Rubin Ultra remains on track for shipment next year, while quarterly revenue is approaching $100 billion with growth still accelerating. Additionally, KeyBanc raised its NVIDIA price target from $310 to $330, maintaining an outperform rating. Reports also emerged that NVIDIA is exploring a collaboration with Mitsubishi Heavy Industries for data center cooling and power systems.

These catalysts follow NVIDIA's earlier denial of next-generation Kyber server architecture delays and a major SpaceX-Google cloud computing deal involving approximately 110,000 NVIDIA GPUs. As a 2x leveraged product tied to NVIDIA's daily performance, NVDL recorded magnified gains reflecting the underlying stock's strength.

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(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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