The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed up 4.37% at $71.58 on January 21, as Nvidia's stock surged 2.48% to $141.12, driven by significant developments in the tech giant's market position and regulatory environment. Nvidia reclaimed its status as the world's most valuable company, surpassing Apple, with a market cap of approximately $3.45 trillion. This milestone reflects the robust demand for Nvidia's AI chips, which are crucial for AI software development. Additionally, President Trump's revocation of Executive Order 14110, which had imposed federal oversight on AI developers, further buoyed Nvidia's stock. This regulatory rollback is seen as a catalyst for innovation, removing barriers that previously hindered AI development. Analysts remain bullish on Nvidia, with UBS Global Research maintaining a Buy rating and a $185 price target, citing confidence in Nvidia's upcoming earnings and guidance.