Nvidia stock drops 4% after reaching record high as CEO unveils new AI tools
qz.com —
Nvidia's stock fell over 4% on Tuesday after reaching an all-time high of $149.43 the previous day. The drop followed a brief rise to $153.13 during morning trading. CEO Jensen Huang introduced new AI tools and updates at the Consumer Electronics Show, including next-generation RTX Blackwell GPUs and Project DIGITS, a personal AI supercomputer set to launch in May. Despite the stock decline, Bank of America maintained a "buy" rating on Nvidia, citing the company's strong position in AI technology. Analysts expressed uncertainty about the timing of financial impacts from Nvidia's robotics strategy.