The Graniteshares 2x Short NVDA Daily ETF (NVD) closed down 17.54% to $28.26 on January 28, as Nvidia shares surged 8.27% to $128.21, rebounding from a significant slump. Nvidia's recovery was fueled by skepticism over the potential impact of DeepSeek's cost-effective AI model on Nvidia's market position. Despite initial concerns, analysts suggest that DeepSeek's ability to disrupt Nvidia's dominance, particularly in the U.S., may be limited. Nvidia's stock experienced a dramatic recovery, adding $260 billion to its market capitalization, marking one of the largest single-day gains in history. The rebound was further supported by Nvidia's continued leadership in AI and autonomous technologies, which remain critical to its growth prospects.