The Graniteshares 2x Short NVDA Daily ETF (NVD) closed at $30.00 on January 30, down 1.54%, as Nvidia's stock faced pressure from geopolitical and market dynamics. Nvidia's stock price fell 0.13% to $123.54, influenced by concerns over potential export restrictions on its chips to China, following the emergence of DeepSeek, an open-source large language model developed in China. This development has raised fears of reduced demand for Nvidia's AI infrastructure, despite ongoing high spending in the AI sector, with companies like Meta planning significant investments in AI infrastructure. The semiconductor industry remains robust, with AI chips expected to drive growth in 2025, but Nvidia's valuation remains a point of contention among investors.