NVDL Drops 12% After $279B Market Cap Loss

NVDL falls 12% in one day, losing $279 billion in market cap. The drop occurs as NVDA declines 6.2% from $218.66 to $205.10. The loss is due to NVDL's daily reset mechanism, which amplifies daily price movements. The fund's 2x leverage tracks NVDA's daily return via swap agreements with banks. Retail investors face hidden losses when the stock moves sideways.