The Graniteshares 2x Short NVDA Daily ETF (NVD) closed down 10.52% to $29.51 on February 5th, as Nvidia shares surged 5.02% to $124.61 following Alphabet's announcement of a $75 billion capital expenditure plan for 2025. This significant investment is set to expand Alphabet's AI infrastructure, heavily relying on Nvidia's advanced chips, which are crucial for the tech giant's AI ambitions. The announcement underscores the strategic importance of Nvidia's technology, especially as Alphabet aims to keep pace with competitors like Microsoft and Meta, who are also increasing their AI investments. The market's positive reaction to Nvidia's role in this expansion reflects the growing demand for AI capabilities, despite recent concerns about potential declines in demand due to emerging players like DeepSeek.