On October 31, GraniteShares 2x Long NVDA Daily ETF fell 8.16% in Regular Trading, trading at $29.015/share, with turnover of $158 million.

The move coincided with a sharp semiconductor-sector selloff led by Intel’s severe post-guidance slump and additional pressure on Nvidia shares.

Intel dropped about 30% after forecasting fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of $0.25, both below market expectations, while management said PC weakness could last into the first half of 2027. The selloff spread across the chip complex, with the Philadelphia Semiconductor Index down 5.7%, AMD off about 10%, Arm down 9.5%, Micron down 5.5%, Broadcom off about 4%, and Nvidia down about 3.3%, pulling leveraged Nvidia-linked products lower as well.

The fund will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the fund and the financial institution will agree to exchange the return or differentials in rates of 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.)