The Direxion Daily NVDA Bull 2X Shares (NVDU) closed down 5.71% at $65.34 on February 3, 2025, as Nvidia's stock faced significant pressure from geopolitical tensions and competitive threats. Nvidia's shares fell 2.24% to $117.38, driven by the announcement of new tariffs by President Donald Trump on imports from China, Mexico, and Canada, which raised concerns about increased costs and potential disruptions in the tech supply chain. The semiconductor sector, including Nvidia, experienced a broader selloff, exacerbated by the emergence of China's DeepSeek AI models, which pose a competitive threat with their lower-cost offerings. Additionally, Nvidia's CEO Jensen Huang's recent stock sales have added to investor concerns about the company's future prospects.