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Latest News In AI Chips - Leveraged ETFs Unlock Potent Trading Opportunities in Dynamic Markets
Reviewed by Simply Wall St
GraniteShares has launched two new leveraged exchange-traded funds (ETFs) focusing on AI chip technology, offering sophisticated investors amplified exposure to two prominent stocks: MARA Holdings and Marvell Technology. These ETFs, named GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL), aim to achieve 200% of the daily performance of MARA and MRVL, respectively, allowing for tactical trading based on market trends and news. The funds cater to investors interested in short-term momentum within the digital asset and semiconductor technology sectors. GraniteShares continues to expand its portfolio of leveraged single-stock ETFs, catering to traders seeking high-conviction opportunities in dynamic markets.
- Marvell Technology (NasdaqGS:MRVL) last closed at $70.84 down 2%.
Elsewhere in the market, Broadcom (NasdaqGS:AVGO) was trading firmly up 8.6% and ending trading at $194.96. At the same time, MediaTek (TWSE:2454) lagged, down 4.8% to end the day at NT$1,395.00.
Best AI Chip Stocks
- NVIDIA (NasdaqGS:NVDA) closed at $112.69 up 1.9%.
- Advanced Micro Devices (NasdaqGS:AMD) ended the day at $100.31 up 1.5%, not far from its 52-week low.
- Intel (NasdaqGS:INTC) closed at $20.64 down 0.5%. Intel is presenting at the CableLabs Winter Conference on Monday, focusing on wireless solutions.
Summing It All Up
- Investigate our full lineup of 52 AI Chip Stocks featuring Skyworks Solutions, GlobalFoundries and TongweiLtd right here.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:NVDA
NVIDIA
A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.