The Graniteshares 2x Short NVDA Daily ETF (NVD) closed slightly down at $24.13 on January 23, 2025, as Nvidia's stock faced a 0.22% decline to $146.75 amid ongoing regulatory concerns. Nvidia is navigating potential challenges from the Biden administration's proposed export controls on AI chips, which have raised significant concerns within the semiconductor industry. The Export Control Framework for Artificial Intelligence Diffusion aims to impose stringent regulations on the export of AI processors and GPUs, potentially impacting Nvidia's business operations. Both the Semiconductor Industry Association and Nvidia have criticized the framework, arguing it could undermine U.S. leadership in semiconductor technology and push international customers towards alternative technologies. Nvidia's Vice President of Government Affairs, Ned Finkle, has expressed that these restrictions could unnecessarily limit global access to widely used technologies, potentially harming the U.S. economy and its technological leadership.