Nvidia's recent presentation at CES 2025, while showcasing groundbreaking innovations like the GB10 AI chip and partnerships with industry giants such as Toyota and Uber, did not provide the immediate market catalysts that investors were hoping for. The focus on long-term growth and transformative potential across industries, as noted by Stifel Financial Corp., left some investors underwhelmed due to the absence of short-term growth drivers. This sentiment was reflected in the modest increase in Nvidia's stock price, which rose by 1.13% to $141.72, as the market digested the implications of these announcements.
The Graniteshares 2x Short NVDA Daily ETF (NVD) experienced a decline, dropping 2.19% to $26.38 at 7:00 AM on Wednesday, January 8.