Nvidia is grappling with potential challenges as the Biden administration's proposed export controls on AI chips have raised alarms within the semiconductor sector. The Export Control Framework for Artificial Intelligence Diffusion seeks to enforce strict regulations on the export of AI processors and GPUs, which could significantly affect Nvidia's operations. Both Nvidia and the Semiconductor Industry Association have voiced concerns, suggesting that these measures might weaken U.S. dominance in semiconductor technology and drive international clients towards other technologies. Nvidia's leadership has warned that these restrictions could unnecessarily limit global access to essential technologies, potentially impacting the U.S. economy and its technological leadership.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) experienced a decline, falling 3.41% to $15.85 as of 7:00 AM on Thursday, January 23.