The AXS 1.25X NVDA Bear Daily ETF has been influenced by recent developments surrounding Nvidia, as the Trump administration considers expanding restrictions on the sale of Nvidia's chips to China. These potential curbs, which could include the H20 chips used in AI software development, have raised concerns about Nvidia's growth prospects in the Chinese market. The uncertainty has led to a decline in Nvidia's stock, as investors weigh the implications of these regulatory discussions on the company's future performance.
The AXS 1.25X NVDA Bear Daily ETF (NVDS) saw a notable increase, closing up 6.65% at $26.15 on Wednesday, January 29.