In one of the best illustrations of the buy-the-dip mentality so far this year, investors are flocking to a leveraged long-only ETF to generate outsized gains on the back of the recent weakness in NVIDIA shares and in anticipation of the GPU manufacturer's upcoming GTC Conference. This funding influx serves as an emblem of sorts to the uber-bullish sentiment that still persists around NVIDIA shares despite transitory weakness. As we noted recently, NVIDIA performed a 10 percent intra-day round-trip on Friday amid heightened call option monetization and profit-taking activity, eventually losing around 84 percent of Uber's market cap. At the […]
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