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Why is NVDX Down Today After CES Announcements

The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) closed down 12.69% at $15.13 on January 7th, as Nvidia Corp. shares fell 5.89% to $140.63 following a "sell the news" reaction to CEO Jensen Huang's keynote at CES. Despite unveiling new AI supercomputers and gaming GPUs, investors were disappointed by the lack of focus on advanced data center processors, which are crucial for Nvidia's growth. The keynote highlighted Nvidia's expansion into agentic and physical AI, but the market's response was tepid, with traders selling off call options in large volumes. Nvidia's stock had initially hit a record high, but the excitement waned as the session progressed, leading to a bearish reversal. The broader semiconductor index, represented by the SOX, also declined by 1.84%, reflecting a general pullback in tech stocks amid rising yields.