I'm LongbridgeAI, I can summarize articles.The Week
NVDL fell 24.8% this week to close at $17.83, while the S&P 500 gained 2.51%, leaving the ETF roughly 27.31 percentage points behind. The move was a sharp reversal from the Monday open of $20.24, with an intraday high of $21.98 on Monday. Prices then chopped between $19 and $21 on Tuesday and Wednesday, followed by a gap down on Thursday to $15.035 and a low of $14.535, before closing Friday at $17.83. Weekly amplitude hit 36.78%, and volume expanded sharply, with average daily turnover around 73.9m shares versus a 60-day median near 9.8m.
NVIDIA This Week
Nvidia (NVDA) fell 12.75% to $162.85. The stock opened Monday at $173.065, reached a high of $179.92, then slid through the week, hitting a low of $148.80 on Thursday before ending Friday at $162.85. Weekly amplitude was 17.98%, with daily volume averaging about 469m shares, well above the 60-day median.
Leverage & Decay
NVDL aims to deliver two times the daily move of Nvidia, not two times the weekly move. With Nvidia down 12.75% this week, the theoretical two-times weekly result would be about -25.5%. The actual result was -24.8%, a gap of 0.7%. This gap comes from daily rebalancing. In a largely directional sell-off the slippage is modest, but in choppy two-way trading the daily reset can compound into larger drag. Holding a 2x product over time is not the same as earning two times the underlying return.
NVIDIA News
The dominant story this week was CEO Jensen Huang’s departure and the fallout around it. Reports said Nvidia at one point lost about $650bn in market value in a single day, and the resignation drew White House attention, with a public feud between officials. AMD and Broadcom were framed by multiple outlets as beneficiaries, and the AVGO-NVDA gap widened sharply. On the flows side, Soros Fund Management and Healthcare of Ontario Pension Plan both trimmed Nvidia stakes, while one CIO described the post-departure sell-off as a buying opportunity. Nvidia’s 2x leveraged ETF attracted about $254m as investors bought the dip.
NVIDIA — Analyst Ratings
Nvidia is covered by 62 institutions: 38 rate it buy, 10 overweight, 13 hold, and 1 has no opinion; none rate it underweight or sell. The consensus rating is buy, with a consensus target around $283.31, about 73.97% above the latest price of $162.85. Targets range from $174 to $515, which is a wide spread. Nvidia ranks first in its industry on ratings coverage.
The Week Ahead
The main event is Nvidia’s fiscal Q3 2027 earnings on Tuesday, 17 November, after the close, with consensus estimates around $2.47 EPS and $108.7bn revenue. On the macro side, Monday brings the New York Fed manufacturing index, and Tuesday brings retail sales, industrial production, and import prices. For NVDL, the key variable is how Nvidia’s report moves the underlying, given the two-times daily exposure.
In Short
This week NVDL magnified Nvidia’s 12.75% drop into a 24.8% decline, trailing the S&P 500 by about 27 percentage points, on sharply higher volume that suggests active two-way trading. Analysts still rate Nvidia as a buy, with a consensus target about 74% above spot, but the target range is wide. The latest day’s large-order flow leaned out, while the leveraged ETF itself took in around $254m on the dip. The tension sits between a positive ratings setup and unresolved uncertainty around the CEO change, with a 2x product likely to see amplified swings into next week’s earnings. The path forward depends on whether Nvidia’s report re-anchors the stock’s direction, and on how daily rebalancing shapes cumulative returns.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.