The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed down 3.93% at $64.52 on January 13, as Nvidia's stock faced headwinds from new U.S. regulations targeting AI chip exports. Nvidia's shares fell 1.24% to $134.22, driven by the Biden administration's announcement of AI restrictions that limit chip exports to certain countries, notably impacting sales to China and Russia. This regulatory move, while anticipated, poses risks to Nvidia's data center sales, as noted by Citi. Additionally, Nvidia led declines among high-valuation tech stocks, pressured by a rise in bond yields that weighed on riskier sectors. Despite these challenges, Nvidia's robust financial health and significant growth over the past year underscore its strong market position.