The potential expansion of U.S. export restrictions on Nvidia's H20 chips to China has stirred investor concerns, impacting Nvidia's stock performance. The Trump administration's preliminary discussions on tightening these controls have raised questions about Nvidia's growth prospects in the Chinese market, a crucial area for its AI-driven strategy. The uncertainty surrounding these potential regulatory changes has led to a cautious market sentiment, as investors weigh the implications for Nvidia's business operations and future revenue streams.
The GraniteShares 2x Long NVDA Daily ETF (NVDL) experienced a decline, closing at $52.29, down 8.07% from the previous close of $56.88. As of 5:00 PM on Wednesday, January 29, the ETF's price was $54.18, reflecting a 4.75% decrease from the previous close.