The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed at $71.54 on January 8, down 0.24%, as Nvidia's stock experienced a slight decline of 0.01% to $140.12 amid mixed market reactions to recent announcements. Nvidia's stock faced volatility following CEO Jensen Huang's presentation at CES, where expectations for clarity on the company's chip family were met with uncertainty, leading to a reversal in price action. This uncertainty was compounded by DA Davidson's report suggesting that Nvidia's customers may moderate spending into 2026, which added to the cautious sentiment. Additionally, Nvidia's stock was pressured by comments from its CEO regarding the distant future of quantum technology, which tempered investor enthusiasm. The broader semiconductor index, represented by the SOX, fell 0.96%, reflecting broader sector challenges.