2x Short NVDA ETF (NVD) Stock Review: Long-Short Battle During Earnings Season

$GraniteShares 2x Short NVDA Daily ETF(NVD.US)'s short-term value hinges entirely on NVDA's Q3 earnings report after market close on November 19. Current market expectations include revenue of $54.66 billion, adjusted EPS of $1.24, with H200 GPU shipments growing 90% YoY as core demand driver.

Diverging long-short signals emerge: "Big Short" Burry established $186M NVDA put positions in Q3, betting on valuation collapse; yet NVDA still holds 85% share in high-end GPUs, with DA Davidson raising price target to $210. Key concern is China market share dropping to zero as Huawei Ascend captures 42% domestic market, eroding long-term growth.

ETF leverage amplifies volatility - could trade pre-earnings divergence with light positions, setting $200 NVDA stop-loss. Beware AI demand resilience vs. leverage decay. Earnings surprise would trigger heavy losses - suitable only for ultra-short term, holding longer equals gambling.