Leveraged Wrong-Way Nvidia Bet Drew $743 Million Before Rout
- NVDL saw record weekly inflow, but is down 25% since June 18
- Stock enters correction territory, sliding 13% in three days
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For day traders riding the AI-fueled stock mania, it’s been a money-minting bet like no other — offering double-digit returns week in and week out.
Now though — after pouring a record amount of cash into a leveraged-up ETF — a cohort of retail investors faces big losses following the roughly $400 billion wipeout in Nvidia Corp.