The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed at $81.84 on January 6, 2025, marking a 6.73% increase, driven by Nvidia's stock performance, which rose 3.64% to $149.73. Nvidia's surge is fueled by anticipation of CEO Jensen Huang's keynote at the Consumer Electronics Show (CES) in Las Vegas, where updates on the Blackwell chip and potential new product announcements are expected. The excitement is further amplified by Foxconn's record fourth-quarter revenue, highlighting strong demand for AI hardware, a sector where Nvidia is a key player. Additionally, Nvidia's strategic positioning in AI and cloud computing, bolstered by Microsoft's plan to increase AI data center investments to $80 billion in 2025, supports the stock's upward momentum. The market is also optimistic about Nvidia's potential announcements on its robotics strategy and the launch of RTX 50-series GPUs, which could further solidify its leadership in the AI space.