Trading in Nvidia ETFs shows traders preparing for upbeat earnings

By Suzanne McGee

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker reports quarterly results after the bell.

In August, Nvidia stock soared to all-time highs after the company reported quarterly results.

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