The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed at $77.96 on January 23, 2025, with a slight increase of 0.12% as Nvidia faces potential challenges from new U.S. export controls on AI chips. Nvidia's stock, down 0.21% to $146.76, is under pressure due to the Biden administration's proposed Export Control Framework for Artificial Intelligence Diffusion, which aims to impose strict regulations on the export of AI processors and GPUs. This has raised alarms within the semiconductor sector, with Nvidia and the Semiconductor Industry Association voicing concerns that these measures might weaken U.S. leadership in semiconductor technology and drive international clients towards alternative solutions. Additionally, comments from an Nvidia supplier about an uncertain global chips market outlook in 2025 have further weighed on sentiment. The semiconductor industry is experiencing a divide, with AI-focused chipmakers like Nvidia soaring, while traditional markets struggle.