The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed down 6.12% to $67.16 on January 10, as NVIDIA Corporation's stock fell 2.94% to $135.99 amid heightened market concerns over new export restrictions. The U.S. government's plans to impose significant global restrictions on the export of AI chips from companies like NVIDIA and AMD have sparked fears of reduced access to key international markets, particularly China and Russia. This geopolitical development has overshadowed NVIDIA's strategic advancements in AI and accelerated computing, despite BofA Global Research's reaffirmation of its "Buy" rating and positive outlook on the company's transition to Blackwell products. The semiconductor sector, represented by the SOX index, also declined by 2.42%, reflecting broader market apprehensions.