The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed at $72.69 on December 24, 2024, up 0.79% as Nvidia's stock experienced a slight decline of 0.01% to $139.66 amid mixed market signals. Nvidia's stock has been under pressure due to a Section 301 investigation initiated by the USTR on China's semiconductor targeting, which has raised concerns about potential trade tensions impacting the semiconductor industry. Despite this, Nvidia remains a favorite among Wall Street analysts, with Morgan Stanley reiterating its top pick status, citing strong underlying dynamics despite short-term anxieties. Additionally, the broader semiconductor sector is showing signs of a bullish trend as the year ends, with Nvidia attracting buying interest that could signal broader strength.