Nvidia stock falls after notching record high ahead of CES AI superchip debut
Published On Jan 7, 2025, 4:02 PM
Nvidia's stock experienced a drop of over 6% following a record closing price, just before its CEO Jensen Huang's keynote speech at CES 2025. Investors had high hopes for updates on artificial intelligence products, but mixed economic data and inflation concerns affected market sentiment. Analysts maintained their bullish outlook, predicting a continued rise in Nvidia's share price, inspired by the company's growth in the AI sector and new product launches, including a new AI superchip and a focus on robotics.
Stock Forecasts
NVDA
Positive
Nvidia's strong performance in the AI market, coupled with product innovations and positive analyst ratings, suggests that the long-term outlook is favorable despite short-term volatility.
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