NVIDIA's recent announcements at CES 2025 have bolstered investor confidence, as the company continues to lead in AI technology with its new RTX 50 Series GPUs and the Cosmos video language model. The introduction of Blackwell accelerators and the expansion into enterprise AI, particularly in the automotive sector with Toyota as a new customer, have reinforced NVIDIA's growth prospects. These developments have contributed to a positive market sentiment, with NVIDIA's stock seeing an uptick as investors respond to the company's strategic advancements and robust product pipeline.
The Direxion Daily NVDA Bear 1X Shares (NVDD) ETF, which inversely tracks NVIDIA's performance, experienced a decline, falling 1.62% to $6.06 as of 6:40 AM on Wednesday, January 8.