On June 5, GraniteShares 2x Long NVDA ETF (NVDL) declined 8.16% in regular trading, trading at $100.28/share, with trading volume of $375 million.

The decline was driven by NVIDIA falling over 4% during the session, part of a broad semiconductor and tech selloff that saw the Nasdaq drop over 2%. The selling pressure followed Broadcom's fiscal Q2 earnings release, where despite beating expectations on key metrics, its Q3 AI chip revenue guidance came in below Wall Street estimates, triggering a sharp after-hours decline of as much as 12.82%. The weak forward guidance from a major AI chip peer weighed heavily on sentiment across the semiconductor complex, with AMD falling nearly 7%, Marvell Technology and Super Micro Computer each dropping over 8%.

As a 2x leveraged product tracking NVIDIA, NVDL amplified the underlying stock's roughly 4% loss into an approximate 8% decline for the ETF.

The fund enters into swap agreements with major financial institutions to exchange returns 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.)