Why GraniteShares 2x Long NVDA Daily ETF Plunged Last Month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Source: NASDAQ.COM
GraniteShares ETF Performance: The GraniteShares 2x Long NVDA Daily ETF experienced a significant decline of 26.1% in January 2025, emphasizing the risks associated with leveraged ETFs, especially during downturns in the underlying stock, such as Nvidia's recent struggles against competition.
Investment Caution: While leveraged ETFs can offer amplified returns in favorable conditions, they pose substantial risks over longer holding periods; investors are advised to exercise caution and consider alternative investment strategies, as highlighted by analysts recommending other stocks instead of this ETF.
Analyst Views on IAT
Wall Street analysts forecast IAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 58.760
Low
Averages
High
Current: 58.760
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
