Nvidia's recent analyst day has generated significant buzz among investors, driven by optimistic projections for its new Blackwell chip and strategic moves into the consumer CPU market. CEO Jensen Huang's announcement of a 20-core Arm-based CPU within the GB10 Grace Blackwell Superchip has sparked interest, particularly as it aligns with Nvidia's broader focus on AI and high-performance computing. The company's collaboration with MediaTek and potential independent marketing of the CPU have further fueled speculation about its competitive positioning against industry giants like Intel and AMD. This positive sentiment has contributed to an uptick in Nvidia's stock price, reflecting investor confidence in the company's growth trajectory.
The Graniteshares 2x Short NVDA Daily ETF (NVD) experienced a decline, dropping 1.08% to $26.68 at 9:40 AM on Wednesday, January 8.