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Nvidia unveiled its most powerful AI supercomputer, Project DIGITS, at CES, aimed at researchers and students, priced around $3,000. Despite these advancements, Nvidia shares fell 6.2% amid a broader market slump, though analysts remain optimistic about the company's growth across various sectors.
Nvidia kicked off 2025 at CES with major announcements, including Project DIGITS, a $3,000 personal AI supercomputer capable of running models with up to 405 billion parameters. The company also unveiled the GeForce RTX 5000 Series, featuring significant performance upgrades and new AI-driven graphics capabilities. Additionally, Nvidia introduced Nemotron, a family of AI models with enhanced visual understanding, and partnerships to streamline AI agent development.
The stock market faced significant losses, particularly in big-cap growth stocks, with the Nasdaq and S&P 500 dropping below critical levels. Nvidia's stock fell 6.2% after a strong start to the year, while Tesla and Palantir also experienced declines. Investors are advised to be cautious with new purchases and consider reducing exposure to underperforming stocks as the market remains choppy.
Stocks closed lower on Tuesday as strong economic data led to reduced rate-cut expectations ahead of the Federal Reserve's upcoming meeting. The Nasdaq Composite fell 1.9%, the S&P 500 declined 1.1%, and the Dow Jones slid 0.4%. Key data showed a rise in the PMI and job openings, indicating ongoing economic strength, while the Magnificent 7 stocks, including Tesla and Nvidia, also experienced losses. The market will be closed on January 9 for a national day of mourning for former President Jimmy Carter.
US stocks closed lower as cautious investors reacted to new economic data, with the S&P 500 down over 1.1% and the Nasdaq Composite losing about 1.9%. Nvidia shares fell over 6% after a record close, despite the company's ambitious AI plans. The 10-year Treasury yield rose to just below 4.7%, while expectations for a Federal Reserve interest rate cut were pushed back.
U.S. stock indexes faced pressure as positive economic reports led to rising bond yields, diminishing hopes for further interest rate cuts by the Federal Reserve. The S&P 500 fell 0.3%, with Nvidia dropping 5.1% after a strong product announcement, while Cintas and UniFirst saw significant stock movements due to a proposed acquisition. In international markets, notable Chinese companies declined following their addition to a U.S. Defense Department list linked to military ties.
Shares are on track for four consecutive days of gains, recovering from early December's highs. The Dow Jones fluctuated as Nvidia's stock fell over 5% despite new AI initiatives, while Uber rose 1.3% following a partnership announcement with Nvidia. Unifirst surged 28% after a $5.1 billion takeover offer from Cintas, and Roku, Ulta Beauty, and Snowflake also saw notable stock movements.
Nvidia is expanding its influence in AI, focusing on integrating technology into the physical world, as CEO Jensen Huang announced new gaming chips and the Cosmos foundational model at CES 2025. BofA analysts named Nvidia their "top pick" in AI, maintaining a buy rating with a $190 price target.In other news, Bank of America saw a stock boost after UBS upgraded it to a "buy," citing potential for strong financial performance amid high interest rates. Meanwhile, Getty and Shutterstock announced a merger valued at $3.7 billion, aiming to compete with AI-generated image services, though they may face antitrust scrutiny.
US stocks declined as investors reacted to new economic data, with the S&P 500 falling 0.7%, the Nasdaq down 1.4%, and the Dow Jones dropping 0.1%. The manufacturing sector showed continued expansion, but rising prices raised concerns for the Fed's inflation fight. Nvidia shares fell 5% after a record high, despite other chip stocks gaining.
US stocks saw a decline today, with the S&P 500 falling about 0.4% and the Nasdaq Composite down roughly 1.1%, as investors reacted to new economic data and adjusted rate cut expectations. The manufacturing sector showed continued expansion, but rising prices raised concerns for the Federal Reserve regarding persistent inflation. Nvidia shares dropped around 5% after a record-high close, despite other chip stocks like Micron Technology gaining ground.
Jensen Huang
People
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nvidia launches powerful ai supercomputer as shares decline amid market slump
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