1/28

Why is NVDQ Down Today After Nvidia Rebound

The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) closed down 17.83% to $3.11 on January 28, as Nvidia's stock rebounded sharply following a tumultuous start to the week. Nvidia's stock surged 8.8% during normal trading hours, recovering nearly half of its previous losses triggered by concerns over DeepSeek's cost-effective AI model. Despite initial fears that DeepSeek's innovations could undermine Nvidia's market position, skepticism about the Chinese company's ability to significantly disrupt Nvidia's dominance, particularly in the U.S., helped fuel the recovery. Nvidia's bounce was further supported by broader market dynamics, as the tech-heavy Nasdaq index advanced over 1.5%. Analysts remain cautious, noting that Nvidia's growth is contingent on stable U.S.-China relations, with diplomatic tensions over Taiwan posing a long-term risk.