The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed down 6.22% at $73.11 on January 24th, as Nvidia Corp. shares fell 3.21% to $142.50 amid industry-wide concerns. Nvidia's decline was influenced by Meta Platforms' announcement of significant AI infrastructure investments, which initially seemed positive but raised concerns about competitive pressures and capital allocation. Additionally, Nvidia's stock was impacted by Texas Instruments' soft guidance for the first quarter of 2025, which signaled potential headwinds in the semiconductor industry, including weaker demand. This guidance affected other semiconductor stocks, such as Intel and ASML, highlighting broader industry challenges.