The YieldMax NVDA Option Income Strategy ETF (NVDY) closed down 2.82% at $22.37 on January 10, as NVIDIA Corporation's stock fell 2.94% to $135.99 amid heightened market volatility. NVIDIA's decline was primarily driven by reports of impending U.S. export restrictions on AI chips, which aim to limit technology access to China and Russia. This news has intensified bearish sentiment, as evidenced by a significant number of unusual options trades detected, suggesting that investors anticipate further downside. Additionally, the broader tech sector faced pressure, with the Nasdaq 100 dropping over 1% following the Federal Reserve's indication of a slower pace of interest rate cuts in 2025.