Nvidia’s stock (NVDA) experienced a decline Tuesday morning, despite rallying to an all-time high the previous day. This volatility followed CEO Jensen Huang’s keynote address at the Consumer Electronics Show (CES) 2025 in Las Vegas.
Table Content:
After opening at a new intraday record of $153.13, shares fell over 4% in late morning trading. This downturn contrasted sharply with Monday’s performance, where Nvidia stock surged over 3%, closing at a record $149.43 per share, surpassing the previous high of $148.88 set in early November. The rally was driven by anticipation surrounding Huang’s CES presentation.
Huang Unveils New AI and Robotics Initiatives at CES
Huang’s keynote highlighted Nvidia’s commitment to artificial intelligence and robotics. He announced a comprehensive suite of AI tools designed for AI agents, along with significant updates to the company’s robotics programs. These announcements reinforced Nvidia’s position as a leader in AI innovation.
Furthermore, Nvidia unveiled its next-generation RTX Blackwell GPUs for gaming, with prices ranging from $549 to $1,999. This launch caters to the high-performance gaming market, a key segment for Nvidia.
Project DIGITS: A Personal AI Supercomputer
A significant announcement was Project DIGITS, a personal AI supercomputer capable of running AI models with up to 200 billion parameters, exceeding the capabilities of OpenAI’s GPT-3. This powerful device, developed in collaboration with Taiwanese semiconductor company MediaTek, targets AI researchers and developers.
Priced starting at $3,000, Project DIGITS will be available from Nvidia and its partners in May. MediaTek’s stock saw a corresponding increase, closing 4.5% higher on the Taiwan stock exchange.
Analyst Perspectives on Nvidia’s Future
Prior to Huang’s keynote, Bank of America (BAC) reaffirmed its “buy” rating on Nvidia, citing CES as a “positive catalyst.” Analyst Vivek Arya expressed confidence in Nvidia’s capabilities but questioned the timeline and impact of their robotics strategy on financial performance.
Following the keynote, Bank of America maintained its “buy” rating, with Arya emphasizing Nvidia’s “continued dominance in genAI compute and ecosystem.” This reinforces the positive outlook for Nvidia’s role in the burgeoning field of generative AI.
In conclusion, while Tuesday’s stock dip may reflect market volatility, Nvidia’s announcements at CES 2025 underscore its continued innovation and leadership in AI and gaming technologies. The long-term implications of these developments remain to be seen, but they solidify Nvidia’s position at the forefront of technological advancement.
