Monday, July 21, 2025
HomeMarketNvidia Slides After Unveiling Leaves Investors Wanting More

Nvidia Slides After Unveiling Leaves Investors Wanting More

-

[ad_1]

(Bloomberg) — Nvidia Corp. shares slid on Tuesday after a wide-ranging product presentation by Chief Executive Officer Jensen Huang failed to propel the artificial intelligence chipmaker to new heights.

Most Read from Bloomberg

The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.

Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen.​​​​​​

Huang took the stage at a packed arena in Las Vegas to kick off the CES trade show on Monday and present the new lineup, offering a vision for how AI will spread throughout the economy. The company wants its products to be the heart of a future tech world with a billion humanoid robots, 10 million automated factories, and 1.5 billion self-driving cars and trucks.

Interest in Nvidia’s products — and Huang’s forecasts — has exploded as companies rush to deploy new AI computing gear. The CEO outlined Nvidia’s products and strategy to his audience of hundreds for more than 90 minutes, including tie-ups with Toyota Motor Corp. and MediaTek Inc. that sent their shares more than 3% higher.

Before the retreat Tuesday, Nvidia’s stock had more than tripled in the past 12 months. Asian suppliers, including Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co., also surged on optimism about Nvidia’s prospects.

Chief Financial Officer Colette Kress said during a separate event that the AI transition will continue to drive growth for the next 10 years. “It is going to be with us over the next decade and past that,” she said Tuesday during a JPMorgan Chase & Co. chat that coincided with CES. “We still have a lot of growth opportunity in the future for us.”

During Huang’s presentation Monday, he also delivered news to his traditional audience: gamers. Nvidia is launching an update to its GeForce GPUs — short for graphics processing units — which were created with the same Blackwell design that the company uses in its AI accelerators, Huang said.

New GeForce 50 series cards will take advantage of Blackwell’s capabilities to create even more realistic experiences for computer gamers, the company said. While traditional graphics chips build an image by calculating the shade of each pixel in the picture, the new technology will lean more heavily on AI to anticipate what the next frame should look like.

[ad_2]

Source link

LATEST POSTS

How to Host a Tournament in 92 Pak Game

The Excitement of Organizing Your Own Tournament Hosting a tournament in the 92 Pak Game is more than just a competition—it’s a celebration of community, gaming...

Ceritafilm Explores the Heart of Every Movie Through Story Reviews

Introducing ceritafilm: Where Movies Meet Meaningful Stories In a world flooded with movie ratings, short reviews, and spoiler-filled discussions, https://ceritafilm.com stands out by offering something truly...

How to Standardise Laptop Setup for Staff: Creating Consistent Configurations

In today’s fast-paced business environment, ensuring that every employee’s laptop is set up consistently is more important than ever. A standardised laptop setup helps streamline...

Turn Health into Wealth with LifeWave X39

In today’s world, people are searching for two things more than ever:✅ Better health✅ Financial freedom With LifeWave X39, you don’t have to choose — you...

Most Popular

spot_img