The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) closed down 2.88% at $3.71 on December 19, 2024, as Nvidia's stock experienced a decline amid easing AI chip demand and geopolitical tensions. Nvidia's shares have entered a technical correction, falling over 10% from their November peak, driven by a shift in the supply-demand balance for AI chips. Microsoft, a major customer, indicated a change in constraints from chip supply to power, suggesting a potential easing in demand. Additionally, Nvidia is caught in a trade dispute with China, which has launched an investigation into its acquisition of Mellanox, possibly as a countermeasure to U.S. restrictions on advanced AI chip sales to China. Despite these challenges, Nvidia's long-term outlook remains positive, with strong profit margins and significant free cash flow earmarked for share buybacks.