Nvidia-Linked ETF Splits 6-for-1 as Assets Triple to $2 Billion Amid AI Chip Boom

The GraniteShares 2x Long NVDA Daily ETF (NVDL) recently conducted a 6 for 1 stock split after attracting over $1 billion in investments this year.

NVDL is an ETF designed to provide twice the daily return of Nvidia's (NVDA) stock price. It has seen huge interest and now has $2 billion in assets.

The split and asset growth comes amidst strong performance for NVDA stock itself, which is up 75% this year amid high demand for AI and semiconductor chips.

Some market participants speculate Nvidia may execute its own stock split in the next year, like the 4 for 1 split it did in 2021 when shares traded around $600.

Companies split stocks to lower share prices, increase liquidity, and make ownership more accessible to more investors. Nvidia cites this goal for its previous split.