Nvidia's recent announcements at the CES 2025 trade show have generated significant interest, particularly with the unveiling of its Thor chip and Cosmos LLM, which are poised to impact the generative AI market. These innovations are expected to drive AI convergence across consumer electronics, potentially revolutionizing interactions with technology. Despite these promising developments, Nvidia's stock faced a decline, possibly due to profit-taking or market skepticism about the immediate financial impact of these new technologies. The stock's drop reflects a cautious investor sentiment, even as Nvidia positions itself at the forefront of AI-driven consumer electronics.
The Direxion Daily NVDA Bear 1X Shares (NVDD) ETF saw a rise, closing at $6.35, up 3.25% from the previous close of $6.15, as of 5:00 PM on Friday, January 10.