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) - Making leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues.
Exchange-traded funds (ETFs) designed to magnify the daily moves in the chipmaker's shares by as much as two times have been a popular vehicle for investors seeking to jump on the stock's meteoric rise this year, with total assets swelling to about $6.3 billion as of this week from only $342 million in December 2023, according to data from CFRA.
