The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) closed at $13.60 on January 13, down 3.89%, as NVIDIA's stock faced pressure from new regulatory challenges and market dynamics. NVIDIA's stock price fell by 1.24% to $134.22, influenced by the Biden administration's newly announced AI export restrictions, which impose significant limitations on chip exports to certain countries, including China and Russia. These restrictions are seen as a risk to NVIDIA's data center sales, despite a 120-day comment period that could allow for adjustments. Additionally, a rise in bond yields has negatively impacted high-valuation sectors like technology, contributing to a broader market selloff. This environment has been further complicated by a recent strong U.S. jobs report, which has led traders to reduce expectations for Federal Reserve rate cuts in 2025.