The Graniteshares 2x Short NVDA Daily ETF (NVD) closed down 3.45% to $32.98 on February 4, as NVIDIA Corporation's stock surged 2.55% to $119.63. NVIDIA's upward momentum was fueled by BofA Global Research's reaffirmation of its "Buy" rating and a price target of $190, citing strong fundamentals and anticipated performance in the upcoming FQ4 2025 earnings call. The report highlights NVIDIA's robust position in the data center market, projecting a 60% y/y growth in data center sales for CY25. Additionally, NVIDIA's strategic advantages in software and hardware co-optimization are expected to drive continued growth, despite potential challenges such as lower gross margins and geopolitical headwinds. The upcoming GPU Technology Conference is also likely to enhance investor confidence, focusing on NVIDIA's innovations in AI and robotics.