Nvidia's stock experienced a decline today, driven by market reactions to Microsoft's capital expenditure plans, which initially boosted Nvidia's prospects in the AI and cloud sectors. Despite Microsoft's announcement of increased spending on AI infrastructure, Nvidia's stock closed down 4.1% at $123.70, reflecting broader market concerns and potential competition from emerging players like China's DeepSeek. The tech giant's commitment to investing heavily in AI infrastructure underscores the strategic importance of Nvidia's GPUs, yet the market remains cautious amid evolving competitive dynamics.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) responded to Nvidia's stock movement by closing at $3.36, up 8.04% from the previous close of $3.11.