Direxion Daily NVDA Bull 2X Shares Price & Performance (NVDU)

The S&P 500 and Nasdaq entered correction territory last week as inflation fears and tariff uncertainties rattled investors. February's eased inflation may be temporary, with new tariffs potentially driving prices higher. Leveraged ETFs like GraniteShares 2x Long INTC Daily ETF saw gains as Intel's leadership change boosted confidence.1

Short interest in Direxion Daily NVDA Bull 2X Shares grew 80.9% last month, reflecting bearish sentiment. Despite Nvidia's strong revenue growth, its stock faced volatility. Institutional investors like Optiver Holding B.V. significantly increased holdings in the ETF, indicating mixed market perspectives on Nvidia's future performance.2

Intel and Nvidia were among the most traded stocks in February, with Intel benefiting from government support for AI chip production. Nvidia saw a 68.2% jump in trade value, driven by anticipation of its earnings report. However, volatility and "risk-off" sentiment impacted broader tech sector performance.3