Investors bet on Nvidia share recovery with buying of leveraged ETFs

Short-term traders are proving eager to bet on a rapid recovery in Nvidia, pouring money into the three largest leveraged exchange-traded funds which are linked to gains in the share price of the AI chipmaking giant. Speculators and traders flocked to buy leveraged funds which aim to deliver double the daily return in Nvidia, asset managers said on Tuesday. Each of the four Nvidia leveraged long ETFs ended Monday with losses of between 33% and 34%, according to LSEG data.