Despite introducing its most potent and smallest AI supercomputer, Nvidia stock (NVDA) experienced a more than 6% decline on Tuesday.
Nvidia‘s shares experienced a decline amid a marketwide collapse on Tuesday despite the introduction of its most powerful and smallest AI supercomputer.
A day after shares settled at a record high in preparation for CEO Jensen Huang’s keynote at the annual CES trade show in Las Vegas, the stock (NVDA) dropped by over 6% on Tuesday.
Nvidia Debuts Desktop AI Super Chip
Huang also unveiled the company’s most recent products, including Project DIGITS, a personal AI supercomputer that offers researchers, data scientists, and students access to a “deep learning GPU intelligence training system.
Project DIGITS, which the GB10 Grace Blackwell Superchip powers, is anticipated to be available for purchase in May at $3,000.
In a keynote address at the Consumer Electronics Show (CES) in Las Vegas on January 6, Nvidia CEO Jensen Huang declared, “We are entering the era of physical AI, AI that can proceed, reason, plan, and act.”
Amid the hot streak rolling AI-centric announcements, Nvidia shares joined the broad market slump on January 7, down 6.2% at $140.
Analysts are unconcerned with the minor stock fluctuation. The company’s stock has increased by an impressive 205% in the past year due to its foresight investments in AI hardware and its CUDA software, which enables developers to utilize its processors to execute AI programs.
