NVIDIA's stock faced a challenging trading day, driven by multiple negative factors. Reports of potential thermal issues in Nvidia's GB300 and B300 systems have raised concerns about product reliability, as highlighted by an analyst from TF International Securities. Insider selling by key executives, including Donald F. Robertson, Jr. and CFO Colette Kress, has further pressured the stock, suggesting possible concerns about near-term prospects. Additionally, the semiconductor market is experiencing a shift towards custom AI chips, with increased demand for ASICs over general-purpose GPUs, which could impact Nvidia's market position. Production delays of Nvidia's Thor chip and regulatory scrutiny over its acquisition of Run.ai have compounded these challenges.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) responded to these developments by rising 3.68% to $3.66 as of 16:40 on Monday, December 16.