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 increased trading activity, with Nvidia's shares trading at over 166% 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 following the downgrade. The market's reaction suggests a reassessment of Nvidia's current market price, as the revised outlook casts doubt on its sustainability.
The Graniteshares 2x Short NVDA Daily ETF (NVD) experienced a rise, climbing 1.31% to $30.87 at 5:20 PM on Thursday, January 30.