Nvidia's stock experienced heightened volatility following a downgrade from Punto Casa de Bolsa, which shifted its rating to "Sell" with a price target of $112. This downgrade has raised concerns about Nvidia's valuation and potential challenges in the semiconductor sector, leading investors to reevaluate their positions. The market's reaction was evident in the increased trading volume, with shares trading at 166.56% of their average daily volume. Despite closing at $124.65, up 0.77% from the previous day, Nvidia's stock has since dipped in after-hours trading, reflecting ongoing investor apprehension.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) saw a price increase of 1.49% to $3.41 as of 5:20 PM on Thursday, January 30.