The GraniteShares 2x Long NVDA Daily ETF (NVDL) surged 9.08% to close at $76.68 on January 3rd, as Nvidia's stock rose 4.43% to $144.44, driven by strong demand in the AI and semiconductor sectors. Nvidia's collaboration with Cerence to enhance automotive AI capabilities has bolstered investor confidence, with Cerence shares soaring 61.92% following the announcement. This partnership integrates Nvidia's AI Enterprise software and DRIVE AGX Orin hardware, enhancing in-car assistant speed and reliability. Additionally, HIVE Digital's $30 million investment in Nvidia GPU clusters to expand AI capabilities further fueled Nvidia's stock rally. The broader semiconductor index, SOX, also gained 2.83%, reflecting positive sentiment across the sector.