NVIDIA's stock has faced downward pressure, dropping 3.51% to $135.19, as investors react to potential volatility stemming from enhanced China restrictions and ongoing product transitions. Despite a positive long-term outlook highlighted by BofA Global Research, which emphasizes NVIDIA's role as a leader in AI and its significant growth opportunities, the immediate market sentiment appears cautious. The transition from Hopper to Blackwell products, while promising, may be contributing to short-term uncertainty, impacting NVIDIA's stock performance.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has responded to NVIDIA's stock decline, rising 7.05% to $3.19 as of 10:00 AM on Friday, January 10.