AMD 3x Long Rises +26% as tech stocks rebound; Nvidia Earnings due 25 Feb after US market close
A rebound in the battered software stocks on Tuesday (24 Feb) lifted the $NASDAQ 100(NDX)$ by 1.1%, ahead of Nvidia's earnings scheduled for 25 Feb after US market close..
Correspondingly, the Nasdaq 7x Long DLC rose nearly +8%, while the Nasdaq 7x Short DLC declined by a similar magnitude.
The standout performer in Tuesday's trading session was $Advanced Micro Devices (AMD.US)$, rising 8.8% after Meta announced a multi‑year agreement to deploy 6 gigawatts of AMD GPUs for its AI data‑centre infrastructure.
On the DLCs, the AMD 3x Long DLC gained around +26% while the AMD 3x Short DLC declined by similar magnitude.
Market attention remains on the technology sector as the superstar of the AI boom, $NVIDIA(NVDA)$ , prepares to release quarterly results on Wednesday 25 Feb after US market close.
Investors seeking a play on Nvidia's earnings can trade the NVDA 3x Long DLC or NVDA 3x Short DLC today before SGX market closes at 5pm while those who prefer to observe Nvidia’s results before initiating a position on the DLCs can do so as early as 9am tomorrow 26 Feb when SGX market opens.
Meanwhile, 5 new DLCs were listed on 24 Feb, including new XPeng and Galaxy Short DLCs. View our newly-launched DLCs on dlc.socgen.com
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