An exchange-traded fund offering double leverage on NVIDIA shares surged close to 6%. At the time of writing, the fund was up 5.93% to HK$159, with a trading turnover of HK$2.1745 million.
This movement follows a more than 4% gain in NVIDIA's stock price last Friday, which pushed its market capitalization back above the $5 trillion mark.
The catalyst for the recent activity stems from a non-deal roadshow hosted by Morgan Stanley in California. Key executives, including CEO Jensen Huang, CFO Colette Kress, and Head of Investor Relations Toshiya Hari, met with numerous institutional investors.
According to the report from the event, NVIDIA characterized its current phase as one of "accelerating growth." The company indicated that even as its quarterly revenue approaches the $100 billion threshold, its pace of growth is expected to continue increasing.
Analysts view this growth narrative as appealing to both value and growth-oriented investors. The firm has reiterated NVIDIA as its top pick in the semiconductor sector, maintaining an "Overweight" rating.
In additional news, NVIDIA has denied rumors regarding a delay for its Rubin Ultra platform, confirming it is on track for shipment next year.
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