Stock Track | GraniteShares 2x Long NVDA Daily ETF Soars 11.10% as Dip-Buyers Rush In

Stock Track01-28

In a stunning reversal of fortunes, the GraniteShares 2x Long NVDA Daily ETF (NVDL) surged 11.10% on Tuesday, defying the broader tech selloff that plagued the markets the previous day.

The rebound came after a punishing selloff on Monday, when concerns over Chinese startup DeepSeek's AI progress sent shockwaves through the tech and chip landscape. However, the selloff presented an opportunity for dip-buyers, who poured a record $1 billion into NVDL, a leveraged ETF that tracks NVIDIA Corp. shares.

While some analysts warn of more pain ahead if the narrative around AI dominance shifts, others believe Monday's selloff provided an attractive entry point for investors looking to capitalize on the AI boom. The massive inflows into NVDL and other tech-heavy ETFs suggest that the buy-the-dip mentality remains strong, even as investors question whether US tech giants are overspending on the AI build-out.

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