Dip buyers are taking on more leverage: The 2x leveraged Nvidia ETF, NVDU, posted a record 132 million in net inflows last week. This is 32% above the previous high of 100 million set in January. It also ends a 4-week streak of net outflows. The surge marks only the 4th time NVDU has had weekly inflows above 50 million. Meanwhile, leveraged ETFs linked to AMD and the Nasdaq index also saw a significant demand last week. Investors are still betting big on tech stocks.(The Kobeissi Letter)