Nvidia's recent analyst day has generated significant buzz among investors, primarily due to the company's ambitious plans for its new Blackwell chip and its potential entry into the consumer CPU market. CEO Jensen Huang's announcement of a 20-core Arm-based CPU within the GB10 Grace Blackwell Superchip has fueled speculation about Nvidia's strategic direction, particularly in challenging established players like Intel and AMD. The company's focus on AI and high-performance computing aligns with industry trends, positioning it to capitalize on the growing demand for advanced computing solutions. This optimism is reflected in Nvidia's stock performance, as investors anticipate the impact of these developments on the company's market share and revenue growth.
The GraniteShares 2x Long NVDA Daily ETF (NVDL) saw a modest increase, rising 0.96% to $72.40 at 9:40 AM on Wednesday, January 8.