The YieldMax NVDA Option Income Strategy ETF (NVDY) closed at $18.32 on February 3, down 2.71%, as Nvidia's stock faced significant pressure from geopolitical tensions and market-specific challenges. Nvidia's shares fell 2.24% to $117.38, driven by the Trump administration's announcement of new tariffs on imports from China, Canada, and Mexico, raising concerns about disruptions in the tech supply chain. The emergence of China's DeepSeek AI models, seen as a cost-effective alternative to Nvidia's processors, further fueled investor anxiety. Additionally, Nvidia's CEO Jensen Huang's meeting with President Trump added uncertainty regarding chip subsidies. The broader semiconductor sector, including major players like Broadcom and Applied Materials, also experienced declines, exacerbated by the potential impact of tariffs and competitive threats from Chinese AI technologies.