The Unlikely Duo Rethinking Wearable Technology

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here's More

Pooja Rajkumari
October 22, 2024

Investors in the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ) are grappling with significant losses as shares of Jensen Huang-led Nvidia Corp. (NASDAQ:NVDA) experience a remarkable stock surge.

As per Benzinga Pro, the T-Rex ETF has seen a dramatic 96% decline in investor wealth over the past year. This stark contrast comes as Nvidia’s stock has soared by 221.08% during the same timeframe.

However, it is noteworthy that the T-Rex ETF is designed to achieve daily inverse investment results, meaning its long-term performance may not mirror Nvidia’s stock trends. It aims for a daily return of 200% of the inverse of Nvidia’s daily performance, setting it apart from conventional ETFs.

Simply put, this ETF is designed to gain value when Nvidia's stock price decreases and lose value when Nvidia's stock price increases. It achieves this by using derivatives, such as options or futures, to bet against Nvidia’s stock performance.

See Also: Bitcoin, Ethereum, Dogecoin On The Rise As ‘Uptober’ May Be Finally Here: Analysts Predict Bullish Breakout For King Crypto, ETH’s Rally To $3,300

Meanwhile, Nvidia remains a leader in the chip industry, with its shares closing up 0.8% at $138 on Friday, boosting its market capitalization to over $3 trillion. Experts like Ram Ahluwalia from Lumida Wealth Management are optimistic about Nvidia’s potential to reach a $4 trillion valuation, citing strong demand for GPU chips.

Additionally, Dan Niles of Niles Investment Management forecasts that Nvidia’s revenues and stock could double in the coming years, driven by AI investments. Goldman Sachs and Bofa Securities have also increased their price targets for Nvidia, reflecting confidence in its growth prospects.

Read Next:

  • This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image via Shutterstock

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