The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed down 0.55% at $72.29 on December 26, as NVIDIA's stock experienced a 0.38% decline to $139.69. The slight drop in NVIDIA's stock price was influenced by profit-taking activities following a significant surge throughout 2024, with shares having risen over 180% year-to-date. Analysts have noted that the stock's recent dip into correction territory could signal overvaluation concerns, although the majority of Wall Street remains bullish on NVIDIA's long-term prospects. Additionally, the semiconductor sector, represented by the SOX index, showed minimal movement with a 0.03% increase, indicating a relatively stable market environment for chipmakers.