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Nvidia stock (NVDA) hit a new record high on Jan. 7 of $153.13 during intraday trading but eventually closed down over 6.2% as CEO Jensen Huang outlined the company’s artificial intelligence (AI) endeavors in his keynote speech at CES 2025. As we have seen with Nvidia for some time, the event turned out to be a typical “sell the news” event. As has usually been the case with Nvidia, markets start to price in events before they happen, so the actual event fails to enthuse investors unless it offers something really exciting. Simply put, “great, not good" is what markets expect from Nvidia after its breathtaking rally.
