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A Potential Calm Before The Storm Could Draw Intrigue In Direxion's NVDU And NVDD Funds

Benzinga ·  Sep 24 08:00

Nvidia Corp(NASDAQ:NVDA) has been in the news lately. However, it was not for what it did but for what it didn't do. Unlike prior sessions when the technology juggernaut – whose advanced graphics processors are critical for artificial intelligence – seemingly enjoyed no upside limits, NVDA stock has recently lost some of its shine. In the past five business days, shares have lost about 2% of equity value.

In the trailing month, NVDA stock finds itself below parity to the tune of 8%. Part of the reason could come down to temporary exhaustion. While the majority of the 37 analysts covering Nvidia...

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