The GraniteShares 2x Long NVDA Daily ETF (NVDL) closed on January 30th with a 1.01% increase to $52.82, despite Nvidia's underlying stock experiencing a slight decline of 0.13% to $123.54. Nvidia's stock faced pressure due to the emergence of China's DeepSeek AI platform, which has sparked a global tech sector rout. This development has led to increased caution among institutional investors, who have been gradually reducing their exposure to Nvidia and other AI-related stocks since last summer. In contrast, retail investors have been actively buying the dip, pouring $2 billion into Nvidia-related assets, as reported by J.P. Morgan. The semiconductor sector is also seeing mixed signals, with AI spending remaining robust, yet the analog recovery is delayed due to high inventory levels and competitive pricing at the low end.