Nvidia's stock rebounded sharply on January 28th, following a historic selloff driven by concerns over the dominance of U.S. tech giants in the AI sector. The emergence of DeepSeek, a Chinese AI startup, has challenged Nvidia's market position, offering a cost-effective alternative to its advanced chips. Despite warnings from Nassim Taleb about potential larger corrections in the AI-driven market, Nvidia's shares surged, closing at $128.99, an 8.93% increase from the previous close. This rebound reflects investor optimism, although Taleb's cautionary remarks about the risks of the AI stock rally continue to resonate.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) experienced a significant decline, dropping 17.94% to close at $3.11 on Tuesday, January 28.