Movement Alert｜GraniteShares 2x Long NVDA Daily ETF Rises 8.04% in Regular Trading, Jensen Huang Urges G20 to Accelerate AI Adoption

Market Focus

Sep 02

On September 2, GraniteShares 2x Long NVDA Daily ETF rose 8.04% in regular trading, trading at $36.36/share, with turnover of $322 million. As a 2x leveraged long product tracking NVIDIA, the ETF surged in tandem with its underlying stock, which gained over 3% on the same day.

On the news front, NVIDIA CEO Jensen Huang called on G20 members to accelerate AI adoption to drive economic growth during a tech event in North Carolina. Huang urged the world's major economies to expand data center and infrastructure construction to support the emerging technology, comparing AI to essential utilities such as water and electricity, calling it a great equalizer. He warned that the worst outcome for any nation would be to fall behind, cautioning that letting fears about AI dominate policy discussions could lead to exactly that result.

The fund enters into one or more swap agreements with major financial institutions for a specified period, whereby the fund and the financial institution agree to exchange the return earned or realized on the underlying stock. It is non-diversified.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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