The GraniteShares 2x Long NVDA Daily ETF (NVDL) experienced a sharp pre-market decline of 5.99% on Tuesday, reflecting heightened investor concerns over NVIDIA's partnership with OpenAI.
The drop follows recent reports highlighting uncertainties around NVIDIA's $100 billion agreement with OpenAI, which was announced last September but later described as "not guaranteed" by NVIDIA in November. This uncertainty has cast doubt on NVIDIA's growth prospects in the AI sector, directly impacting the leveraged ETF tied to its performance.
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