Interest in single-stock leveraged exchange-traded funds (ETFs) has surged in 2024, particularly those linked to Nvidia. Will Rhind, founder and CEO of Granite Shares, emphasized that these financial products are designed for investors who are comfortable with risk. He noted that while the popularity of these leveraged ETFs has increased, they are not suitable for long-term investment strategies. The rise in interest comes amid a broader tech-led selloff that has heightened the risks associated with making leveraged bets on Nvidia, especially if market volatility continues.