Looks like it. I haven't traded NVD for several weeks. I think the better choice "for now" is buying the NVDA puts while the market is trading at all-time highs and still choppy. When the market makes its definitive turn, I may start trading this ETF.
"I continue buying puts all over the place, especially NVDA puts w/ 2025 expirations. The market will turn ugly when the music stops....just like on the Titantic."