The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed on January 22nd at $77.87, marking an 8.79% increase, driven by Nvidia's stock surge following a $500 billion investment announcement in AI infrastructure. Nvidia's shares rose 4.12% to $146.63, fueled by the Stargate Project, a joint venture with OpenAI, Oracle, and SoftBank, unveiled at a White House event. This initiative, with $100 billion available immediately, aims to construct AI infrastructure, significantly boosting demand for Nvidia's chips. Analysts highlight Nvidia's strong financials, with expected EPS growth of 65% and revenue growth of 57%, justifying its premium valuation. The stock's momentum suggests potential for further appreciation, with a breakout targeting $180.