Nvidia's recent announcements at CES 2025, including the unveiling of its Thor chip and Cosmos LLM, have generated significant interest in the potential expansion of the generative AI market. These innovations are expected to drive AI convergence across consumer electronics, such as robots, TVs, and smart glasses, potentially revolutionizing consumer interaction with technology. Despite these promising developments, Nvidia's stock faced a decline, possibly due to profit-taking or market skepticism about the immediate impact of these new products on the company's financials. The stock's drop reflects a cautious market response to Nvidia's strategic efforts to enhance its presence in the AI sector.
The Graniteshares 2x Short NVDA Daily ETF (NVD) saw a notable increase, rising 5.89% to $28.59 by 5:00 PM on Friday, January 10.