A rebound in the battered software stocks on Tuesday (24 Feb) lifted the $NASDAQ 100(NDX)$ by 1.1%, ahead of Nvidia's earnings scheduled for 25 Feb after US market close..
Correspondingly, the Nasdaq 7x Long DLC rose nearly +8%, while the Nasdaq 7x Short DLC declined by a similar magnitude.
The standout performer in Tuesday's trading session was $Advanced Micro Devices (AMD.US)$, rising 8.8% after Meta announced a multi‑year agreement to deploy 6 gigawatts of AMD GPUs for its AI data‑centre infrastructure.
On the DLCs, the AMD 3x Long DLC gained around +26% while the AMD 3x Short DLC declined by similar magnitude.
Market attention remains on the technology sector as the superstar of the AI boom, $NVIDIA(NVDA)$ , prepares to release quarterly results on Wednesday 25 Feb after US market close.
Investors seeking a play on Nvidia's earnings can trade the NVDA 3x Long DLC or NVDA 3x Short DLC today before SGX market closes at 5pm while those who prefer to observe Nvidia’s results before initiating a position on the DLCs can do so as early as 9am tomorrow 26 Feb when SGX market opens.
Meanwhile, 5 new DLCs were listed on 24 Feb, including new XPeng and Galaxy Short DLCs. View our newly-launched DLCs on dlc.socgen.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
Comments