Missing Rubin Updates From Nvidia CES Keynote Trigger Sell The News

The stock movement decline could reflect investors “selling the news” of the event, which has give us announcements around a personal supercomputer running a new Blackwell chip as well as a partnership involving driverless-truck technology.

There are also other factors that could give rise to the share decline as we saw good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity.

I am still holding my position in Nvidia because I believe in the long term, Nvidia would be leading the AI race with its range of technology announced at the CES keynote.

Stocks dropped under the weight of rising yields in the bond market, which jumped immediately after the release of the encouraging reports on the economy.The strong reports are of course good news for workers looking for jobs and for anyone worried about a possible recession that earlier seemed inevitable to pessimists. But such a solid economy could also keep up pressure on inflation, and it could make the Federal Reserve less likely to deliver the cuts to interest rates that Wall Street loves.

We saw that NASDAQ lost 1.89% amidst the sell off, which is bringing NASDAQ to a level where the bulls defense at the 26-EMA is challenges, we need to hold that level before we see NASDAQ recover like what it did last week.

With market expecting the Fed less likely to deliver the cuts to interest rates that Wall Street loves, we could see another day of NASDAQ weakness on Wednesday, but if the 26-EMA could be defended, then we could see another upside.

On top of that, there is something missing from Jensen’s Monday keynote, which is the discussion of the Nvidia chip family that will follow Blackwell. No doubt we saw Jensen delivered a broad master-class on the current state and direction of the [artificial-intelligence] industry, and made several technically interesting announcements that together further extend the company’s hardware and software industry leadership.

What investors are looking for more concrete progress updates on the ramp of Blackwell and some input as to the company’s progress with its next-generation GPU platform, Rubin.

CEO Jensen Huang hesitantly revealed Rubin, the company's latest AI platform, at the Computex conference in Taipei in June. The announcement comes less than three months after Nvidia unveiled its predecessor, the Blackwell chip. Huang didn't offer too many specifics. He described the Rubin as the company's "next-generation platform" and said it will rely on HBM4, the next iteration of the essential high-bandwidth memory. He also noted that Nvidia plans to develop chips on a "one-year rhythm" and that the Rubin would be followed by the Rubin Ultra.

The platform was named after Vera Florence Cooper Rubin, an astronomer who established the presence of dark matter. Rubin also led studies of the structure of galaxies and their movements.

We understand that the chip will only begin shipping in 2026, but I think it might be a good idea to give an updates on how the progress would be like together with the range of technological updates by Nvidia, this could important to investors as they looked for signal whether Nvidia could be hold for long term.

Even though, we saw Nvidia having the worst drop of 6% even higher than its worst in November 2024, there is definitely pulling back with the rest of the market.

Right now the bulls was trying to go for the daily uptrend expansion but we can see here that Nvidia has largely been sideways for roughly the last 3 or 4 months of trading so that being said in the event we continue rolling this over support stays below 130 down to about 125.

Bulls have made an attempt at the daily trend change and tried to cover up above these moving averages and it seem to work for while, but now Nvidia need stay above the 12-EMA period, and the 26-EMA is a good period to defend.

Overall, I think if anyone looking to get into Nvidia, might consider price target around 135 to 140.

While investors might be concerned about the lack of updates to Nvidia chip family of Blackwell, Rubin would only be in production in 2026, so I guess the best thing we should looked forward to is how Nvidia sales would be benefitting from those technology that is in production.

The next earnings for Nvidia in February might be something I would look out for, as there should be some improvement in their revenue stream.

Appreciate if you could share your thoughts in the comment section whether you think Nvidia drop is only temporary and Nvidia would recover stronger later.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.