The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) closed at $3.31 on January 30, down 1.49% as Nvidia's stock faced significant pressure. Nvidia's shares fell 3.42% to $119.47, driven by concerns over competition from DeepSeek, a Chinese startup that has developed a cost-effective AI model. This development has raised fears about reduced demand for Nvidia's high-end AI chips, as DeepSeek's use of older, cheaper Nvidia chips questions the necessity of investing in the latest technology. The market's reaction reflects anxiety over Nvidia's future growth prospects in the AI sector, despite the company's dominant position.