Nvidia stock falls after notching record high on CES AI superchip debut
Published On Jan 7, 2025, 11:15 AM
Nvidia's stock dropped up to 5% after reaching a record high, following a presentation by CEO Jensen Huang at the CES tech trade show. During the keynote, Huang introduced new AI products and a superchip aimed at various applications including autonomous vehicles and humanoid robots. Despite the recent downturn, analysts maintain a positive outlook on Nvidia with Buy ratings, citing the company's strong positioning in the AI and robotics markets.
Stock Forecasts
NVDA
Positive
Nvidia's recent presentation showcased innovative technologies that could drive future growth, particularly in AI and robotics sectors, which present significant market opportunities. Despite the stock's short-term decline influenced by broader market trends and mixed economic data, analysts remain bullish on Nvidia's long-term potential, predicting price increases over the next year.
Related News
Stock market today: S&P 500, Nasdaq fall as traders pare rate cut bets after new economic data
Jan 7, 2025, 11:25 AM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
Nvidia stock rallies after CEO Jensen Huang unveils new AI superchip, robotics technology at CES
Jan 7, 2025, 8:37 AM
Nvidia stock rose early Tuesday following CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas the prior evening, which included major product updates such as a new AI superchip.
Stock market today: S&P 500, Dow, Nasdaq futures edge higher with JOLTS jobs data on deck
Jan 7, 2025, 8:51 AM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.