The Graniteshares 2x Short NVDA Daily ETF (NVD) closed down 6.37% to $30.72 on December 11, as NVIDIA's stock surged by 2.95% to $139.06 amid positive market developments. NVIDIA's recent strategic investment in Ayar Labs, a semiconductor startup, underscores its commitment to advancing data transfer technology, which has bolstered investor confidence. Additionally, CEO Jensen Huang's focus on "sovereign AI" during his Southeast Asia tour has piqued interest, suggesting potential growth in new markets. The broader market also reacted positively to November's consumer inflation report, which met expectations and increased the likelihood of a Federal Reserve rate cut, further supporting NVIDIA's stock.