GraniteShares 2x Long NVDA ETF plunges amid volatility spike and Megaspeed case, seen fit only for intraday trading.

GraniteShares 2x Long NVDA Daily ETF (NVDL) has sharply declined due to increased volatility in Nvidia stock, worsened by the Megaspeed legal case. This case is viewed as a governance risk rather than a fundamental threat to Nvidia's business. Nvidia now trades at valuation levels below its historical average and semiconductor peers, suggesting potential for a volatility peak and a possible V-shaped recovery. Due to semiconductor market cycles and the costs of leverage, NVDL is recommended only for short-term, intraday trading rather than long-term holding.

GraniteShares 2x Long NVDA Daily ETF (NVDL) is trading at USD 19.04 on Pluang as of Nov 11, 2026 03:11 WIB, showing a sharp 12.01% decline in one day. The ETF's market cap stands at $2.32 billion with a daily volume of 51,640,945 shares. Most Pluang users hold NVDL for about 16 days, and current order activity is dominated by buyers at 79%.