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Direxion Daily NVDA Bull And Bear ETFs Allow Tech Traders To Play Both Sides

Benzinga ·  Jun 17 20:20

Nvidia Corporation(NASDAQ:NVDA) possibly ranks among the most contentious enterprises currently from an anticipated capital-gains perspective.

The core relevance underlying NVDA stock is not in doubt. Thanks to the company's advanced graphics processing units (GPUs), Nvidia has become one of the top brands in the artificial intelligence ecosystem. Still, with shares rising over 170% on a year-to-date basis, many have naturally developed valuation concerns.

At face value, the circumstances may not seem entirely favorable for NVDA stock. Currently, the market prices its shares at 77.2X trailing-year earnings, while against revenue, NVDA clocks in at over 41X. However...

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