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Wall Street was moderately upbeat last week as rates dived on cues of cooling inflation.

It’s been a monster year so far for many tech stocks, particularly for Nvidia (NASDAQ:NVDA). The AI chip maker, on the back of stellar revenues and a rosy outlook, has seen its stock almost double in 2024. On the flip side, Tesla (NASDAQ:TSLA) has seen its stock hammered. The electric vehicle (EV) pioneer, once the largest EV seller in the world, saw that title usurped by its Chinese counterpart, BYD (OTC:BYDDY). This, along with poor earnings call after poor earnings call, has caused the company's stock to plunge more than 30% this year. These sorts of huge swings present significant opportunities to investors if they are played right. The majority choose to invest directly in a company or indirectly through a broad-based ETF. Both can be smart choices, but investors are locked into a one-to-one relationship with the stock; they don't allow traders a way to further maximize returns or to profit from a stock dipping. Options have been the primary vehicle for investors to do just that. Unfortunately, trading them is rife with pitfalls and requires a level of sophistication that many investors, if not most, lack. Enter Direxion The ETF issuer offers leveraged and inverse single-stock ETFs that allow investors ...Full story available on Benzinga.com

In this week’s ETF Wrap, you’ll see how investor demand for tech and artificial-intelligence ETFs this year pales in comparison with their strong performance.