On August 28, GraniteShares 2x Long NVDA Daily ETF declined 8.07% in regular trading, trading at $33.925/share, with turnover of $593 million.

On the news front, reports emerged that NVIDIA has paused its AI Compute Partnership program less than two months after launching it, amid concerns the initiative could face antitrust scrutiny. The program provided financing support to AI cloud providers in exchange for a share of their revenue and sought some control over how NVIDIA chips were rented to customers. Some NVIDIA employees reportedly raised concerns about the extent to which the program could allow the chipmaker to influence how customers operate. Additionally, tech investors began taking profits following NVIDIA's massive 8.74% rally the prior session, with market participants also awaiting the Fed Chair's speech at Jackson Hole.

As a 2x leveraged ETF tracking NVIDIA's daily performance, the fund amplifies underlying stock movements. It 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.)