Loading…
Loading…
Heading into Q2 fiscal 2027 earnings, the capital markets wondered if the vaunted chipmaking giant Nvidia still has its mojo. Despite rallying to atmospheric levels over the past three years, this massive upside is already baked into its stock price.
Here is the number that should stop any GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) holder cold.
Nvidia remains the world's most valuable company, leading AI innovation and consistently beating earnings and revenue forecasts. NVDA's long-term uptrend persists, with each correction historically presenting buying opportunities as higher lows precede new record highs. The Granite Shares 2X Long NVDA Daily ETF offers double-leveraged exposure, best suited for disciplined, short-term trading strategies.
Here is the number that should stop any leveraged ETF trader in their tracks: year to date through Tuesday's close, the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is up 11.5%.
NVIDIA (NVDA) has triggered a bullish technical breakout, supporting a buy rating on the GraniteShares 2x Long NVDA Daily ETF (NVDL). NVDL offers leveraged exposure to NVDA, with a $6 trillion market cap target in play by year-end, driven by strong technicals and valuation. NVDA's PEG ratio is compelling at 0.6x, with a low 16.4x out-year P/E and long-term EPS growth rates above 25%.
A single catalyst is doing the sorting in the AI hardware trade today. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) released its first quarterly report since its June 2026 IPO after the close on August 4, and although the top-line numbers beat expectations, investors focused on the eye-watering pace of AI capital spending.
The T-Rex 2X Long NVIDIA Daily Target ETF (NASDAQ:NVDX) and the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) sell the same product on the label: 2x the daily move in NVIDIA.
A $10,000 stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) at the start of 2026 is worth about $11,266 as of the June 8 close, a 12.66% year-to-date gain that still beats the 8.4% return on the SPDR S&P 500 ETF over the same stretch.
SEC filings for NVDL aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.