Nvidia's stock is experiencing a notable uptick on January 31, 2025, driven by a combination of factors in the semiconductor sector. Samsung's recent earnings report provided a positive outlook for the DRAM market, indicating a potential recovery in the second quarter of 2025. This news has buoyed sentiment across the semiconductor industry, despite some negative signals from the automotive end market, as reported by STMicro. Additionally, retail investors have shown renewed interest in Nvidia, with significant fund inflows into leveraged products like the GraniteShares 2x Long NVDA Daily ETF, reflecting continued bullishness on Nvidia's prospects despite recent volatility.
The GraniteShares 2x Long NVDA Daily ETF (NVDL) is currently priced at $53.29, marking a 0.89% increase from the previous close.