NVDL Drops 12% as Nvidia Loses $279 Billion in Market Value
GraniteShares' 2x Long NVIDIA Daily ETF (NVDL) fell 12% on June 5, 2026 after NVIDIA's stock dropped 6.2%, erasing approximately $279 billion from its market cap—the largest single-day loss in the chip sector this year.
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Topics: daily reset mechanism leverage ETFs NVIDIA stock volatility