🔴 NVD is trading 3.4% down today as NVDA rebounds from AI valuation selloff

NVD is trading 3.4% down today as NVIDIA shares rebound following last week’s AI valuation-driven selloff.

• Broader tech sentiment is improving, with the Nasdaq up over 1%, reducing demand for inverse NVIDIA exposure.
• The move unwinds part of NVD’s sharp multi-day advance as investors pivot back into semiconductor leaders.