The GraniteShares 2x Long NVDA Daily ETF (NVDL) surged 5.89% to close at $70.30 on January 2, driven by a 3.20% rise in Nvidia's stock price to $138.59. Nvidia's upward momentum was bolstered by Bank of America's reaffirmation of its "Buy" rating, with a price target of $190, highlighting the company's strong position in AI, gaming, and data center technologies. Additionally, Nvidia's significant $1 billion investment in AI companies throughout 2024 has further solidified its leadership in the tech sector. Analysts remain optimistic, with a consensus "Strong Buy" rating and an average price target suggesting a 28.3% upside.