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The largest drop in four months! NVIDIA launched new products at CES, and Jensen Huang delivered an impressive speech, so why did the stock price still plummet?
NVIDIA's release at CES has instilled optimism about the long-term prospects, but has not met investors' expectations for short-term bullish news; there is little detail provided about the highly profitable AI Chip, and there is a lack of more specific progress on the Blackwell chip. After reaching a historic high on Monday, the stock price's retreat seems like a "buy the rumor, sell the news" reaction.
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Express News | Watching Shares Of Quantum Computing Stocks; Traders Circulate Comments From Jensen Huang Saying He Loves Quantum Computing But Not To Expect A Quantum Computer For 15 Years At The Earliest, Looked At His CFO And Said "But Probably 30 Years Away"
