12/18

Why is NVDX Down Today After Semiconductor Weakness

The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) closed down 2.09% at $14.96 on December 18, as NVIDIA's stock fell 1.49% to $128.45 amid broader semiconductor sector weakness, with the SOX index dropping 3.85%. NVIDIA's decline was influenced by technical factors, including a break below the support level at $137, signaling potential further declines to $123. The stock's recent volatility is compounded by a head and shoulders formation, indicating increased pessimism among investors. Additionally, the semiconductor sector faced pressure as the SOX index experienced a significant drop, reflecting broader market concerns.