Nvidia’s stock fell more than 6% on Tuesday, the greatest single-day drop in four months, after closing at a record high the day before. Nvidia’s stock dropped 6.22% to settle at $140.14.
Before Tuesday’s decline, Nvidia’s stock price had more than tripled in the previous 12 months. On Monday, the shares of an artificial intelligence (AI) chipmaker reached a record high of $153.13.
Jensen Huang, Nvidia’s CEO, kicked off CES 2025 with the announcement of a varied variety of goods. While the announcements emphasized the company’s potential long-term prospects, they fell short of providing the near-term growth catalysts that some investors had hoped for.
Announcements from CES 2025
Huang opened the CES trade conference on Monday by introducing the new lineup and presenting a vision for how AI will permeate the economy. According to Bloomberg, the corporation wants its goods to be at the centre of a future tech world populated by a billion humanoid robots, 10 million automated factories, and 1.5 billion self-driving cars and trucks.
The CEO highlighted the company’s most recent products and strategic objectives, which included cooperation with Toyota Motor Corp. and MediaTek Inc. The tech titan presented its GeForce RTX 50 Series desktop and laptop GPUs, which are powered by the sophisticated Blackwell artificial intelligence processor.
Nvidia also revealed a new suite of AI models known as ‘Cosmos’ and launched Project DIGITS, a $3,000 desktop machine aimed at developers and generative AI aficionados.
The company is also working with Uber Technologies Inc. to enhance self-driving technology by using Uber’s massive daily trip data to train AI models more effectively.
Nvidia chose MediaTek to co-develop the principal chip for Project DIGITS, citing MediaTek’s experience with low-power semiconductor design. Furthermore, Huang stated that MediaTek will provide goods utilizing this technology to other clients, thus increasing its reach.
Over the last year, Nvidia’s stock price has risen by more than 168%.
