GraniteShares 2x Long NVDA ETF drops 12% as NVIDIA falls 6.2%, showing leveraged ETF risks on volatile days.

GraniteShares 2x Long NVDA Daily ETF (NVDL) fell 12% on June 5, 2026, doubling NVIDIA's 6.2% drop amid market concerns. Broadcom's cautious AI semiconductor revenue forecast and a strong US jobs report triggered fears of slower demand and rate hikes, pressuring high-growth stocks like NVIDIA. Despite NVIDIA's strong earnings and growth outlook, the leveraged ETF's daily reset magnifies volatility, risking value loss in choppy markets. Investors should watch supplier updates, NVIDIA's product news, and interest rates to gauge future moves.