🟢 NVD ETF (NVD) is trading 2.9% up today as Nvidia softens on post-earnings profit-taking

NVD ETF (NVD) is trading 2.9% higher as NVIDIA (NVDA) continues to edge lower following its May 20 earnings report.

• Despite blockbuster Q1 results, NVDA’s share price has softened amid profit-taking and concerns regarding the sustainability of AI-driven growth.
• While broader U.S. equities are modestly higher, lingering fragility in the tech sector is supporting the inverse ETF's advance.
• Traders are increasingly positioning for near-term downside in the semiconductor leader following its recent record-breaking rally.