Nvidia's recent downgrade by Punto Casa de Bolsa to a "Sell" rating has stirred the market, leading to increased trading volume as investors reassess their positions. The downgrade, driven by concerns over Nvidia's valuation and potential challenges in the semiconductor sector, has prompted a reevaluation of the stock's sustainability at its current market price. Despite closing with a 0.77% increase at $124.65, Nvidia's stock has seen a decline in after-hours trading, reflecting the market's cautious stance following the downgrade.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) experienced a decline, dropping 1.18% to $10.87 at 5:20 PM on Thursday, January 30.