Nvidia's recent downgrade by Punto Casa de Bolsa to a "Sell" rating has raised concerns about the company's valuation and potential challenges in the semiconductor sector. This bearish sentiment has led to a significant uptick in trading volume, with Nvidia's shares trading at 166.56% of their average daily volume. Despite closing the day with a 0.77% increase, Nvidia's stock has seen a decline in after-hours trading, reflecting investor apprehension about the revised outlook and its implications for the company's future performance.
The GraniteShares 2x Long NVDA Daily ETF (NVDL) experienced a decline, dropping 1.34% to $51.59 at 5:20 PM on Thursday, January 30.